I can fund a 0.1BTC loan with 150% EDO @ 0.15% simple interest daily. (4.5% monthly)
Perfect - I will accept these terms!
Loan amount: 0.1BTC
Repay date: before June 25th
Collateral: 800 EDO = ~150%
Interest: 4.5% = 0.1045 total repaid
BTC address: 1AkGyKYDffKE4ufCGaeeVeP3Kj3g8BQ8Vs
Please post an ERC-20 address I can send collateral to.
ETH Collateral Address: 0xda32F70FaA59043dC781B9230027d493d41a5F66
Note that by sending collateral, you agree to these terms:
Terms:1. Altcoin/Token collateral is
required. Don't even ask in this thread if you don't have either, your post will just be deleted.
2. The Altcoins/Tokens you provide should be in Top 200 on
CoinMarketCap.
3. The Altcoins/Tokens must be tradable on Binance, Bittrex or Poloniex.
4. The collateral must be worth 130% or higher of the loan's value. (example: If you want to borrow 1 BTC, you should provide 1.3 BTC worth of collateral)
5. If the collateral falls to or below 104% of the loan's value, I reserve the right to liquidate (sell the collateral). Excess BTC obtained from liquidating will be returned to the borrower.
6. The borrower can add additional collateral to keep the loan at a safe value, or provide a partial repayment.
7. I will not accept the use of Escrow, even if the borrower pays the fees. The time delay between the loan reaching 104% of the value and the escrow releasing the coins to me can be very long, which is something I do not want to deal with.
8. If you cannot repay on time, please contact me for an extension. Generally, I will provide them at no extra charge, depending on the duration you request.
9. Partial repayments will reduce the interest at 25% value increments. (example: If you borrow 1 BTC, and repay 0.49 BTC, additional daily interest will be charged as if you repaid 0.25 BTC)
10. Miners fee when sent will be paid by me, and the miners fee for the repayment transaction is paid by the borrower. Any transaction fees that occur from moving the collateral will be paid by the borrower.
11. Please request a signed message from me before sending collateral. The message will be signed from 1DarkStrRagcDjWtsPGxkav4WG3poLXzDS, which was
staked here.12. You can request for me to liquidate your collateral to repay the loan. Any transaction fees, exchange fees, etc will be paid by you. I will sell at whatever the market rate is when my deposit transaction(s) confirm, unless you request a specific price. The coin must be tradeable on Binance for this to occur. Any excess BTC will be returned to you. All exchange risk is liable on you. I may sell the coins in chunks at a time, to reduce the loss in the event that something happens to the exchange.
13. The maximum loan amount at this time (subject to change) is 3 BTC.
14. Loans are BTC denominated; not any other currency. If BTC moons, you still owe the same BTC value. If BTC is suddenly worth 1$, you still owe the same BTC value.
15. By taking a loan from me in this thread, you agree to these terms.
16. I reserve the right to amend these terms at any time. Existing loans will not be affected by these changes.
