Topic: want to borrow 200 LTC - page 2. (Read 1324 times)

I don't want to over bid, but if QS has not provided the LTC, then i can provide you with 6% interest for 3 weeks.I will suggest Ognasty as a escrow for my deal.
let me know!
@QS if you want to deal then it is fine for me, i am not in competition

If you wish to use escrow, then I would suggest OgNasty (I would ask that you cover his escrow fee). Otherwise I would ask that you send the collateral first, and when the loan is repaid to repay the loan prior to receiving the collateral back.

edit: If you are comfortable sending first, then please post or PM me a LTC address to fund the loan to and a BTC address to return the collateral to

edit2: I am signing off for the night. Please see below for a GPG signed offer for loan terms. If everything is in order, then please fund the collateral address. The offer will expire if the collateral is not sent to the below specified address by the below specified due date. I will fund the loan in the morning provided that the BTC is sent to the collateral address.


-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

This is quickseller from bitcointalk today is April 15, 2017

Borrower: jonald_fyookball (UID# 261027)
Lender: quickseller

Loan Amount: 200 LTC
Repayment amount: 214 LTC[1]
Due date April 21 2017 by 2359 Eastern Time (US)

Collateral: 2.44 BTC
BTC address lender will hold collateral in: 16diUsZz3Z9HMaP7xWGSubVbmHH1PXcVuq
BTC address collateral will be returned[2] to (less tx fee): [tbd]

LTC address to fund loan: [tbd]
LTC repayment address: LSjqeWBLJeRmYj3DcAxuqQChoJnDoBpkr5

[1] - If loan is repaid by April 22, 2017 (24 hours late), then repayment amount is 219 LTC. If the loan is not repaid by May 4 2017, then it will be converted into 221 LTC, and the balance will be returned to you (or if the value of the collateral is not sufficient to purchase 221 LTC, you will owe me the remaining amount to purchase the difference between that the collateral purchased and 221 LTC).

[2] - (see [1] and) The collateral can be exchanged into LTC upon your request via bitfinex that would be used to repay the loan (bitfinex trading fees would be covered by you).

Regards
QS

This offer will expire and will become invalid if 2.44 BTC is not send to the collateral address by 3 PM EST (US) April 15, 2017.
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sounds ok but do we need a third party escrow or who will send first

7% for 1 week (I could go to 3 weeks, but would want a higher interest rate). Interest amount would be fixed at 214 LTC, regardless of when the loan is repaid, unless it is repaid 24 hours+ after the due date.

If loan is repaid within 8 days (24 hours late), then repayment amount is 219 LTC. If the loan is not repaid within 19 days, then it will be converted into 221 LTC, and the balance will be returned to you (or if the value of the collateral is not sufficient to purchase 221 LTC, you will owe me the remaining amount to purchase the difference between that the collateral purchased and 221 LTC).

Collateral will be 2.44 BTC. The collateral will not be automatically liquidated if it's value falls below any threshold. The collateral can be exchanged into LTC upon your request via bitfinex that would be used to repay the loan (bitfinex trading fees would be covered by you).

Collateral can be held in a wallet whose private keys I control, in my bitfinex account (for quicker conversion into LTC if you wish to trade the BTC for LTC to repay the loan), or by a mutually agreed upon escrow. I will assume counter-party risk if collateral is held in my bitfinex account, I will assume responsibility to maintain the security of the BTC in my wallet, and you will assume counter-party risk if collateral is held by a mutually agreed upon escrow.

Let me know if the above terms are acceptable to you, and if not, what modifications you would propose.

7%?

What interest rate are you offering?

I would like to borrow 200 LTC.  Collateral in bitcoin or ethereum.

Duration 1-3 weeks.  Serious offers only.