Cryptocurrency and crypto-backed lending app Nebeus continually seeks innovative ways to help customers grow and maximize their crypto investments.
Nebeus users already had the ability to trade, buy, sell, and swap Avalanche (AVAX). They can now also use AVAX as collateral for Nebeus’ crypto-backed loans and borrow against their Avalanche holdings, the company announced in a press release.
How to get a Nebeus AVAX-backed loan
Nebeus Treasury offers Instant Loans that are immediately available. These pre-approved, straightforward loans feature a 50% loan-to-value (LTV) ratio and carry zero interest for the first three months.
Another offering is Flexible Loans, which are tailored to individual needs and allow customers to borrow up to 80% LTV in fiat or crypto. Loan terms range from one month up to three years, and loan amounts can reach up to $250,000.
Low-risk protections
Flexible Loans include safeguards designed to minimize risk. A 10-day buffer period is available to users in case a margin call occurs. In addition, all collateral held by the platform is insured by Lloyd’s of London for up to $100 million.
When a user enables the “Auto Margin Call Management” option, the platform can automatically manage crypto collateral if a margin call is approaching, helping prevent forced liquidations.
Why Avalanche is highly adaptable
The Avalanche ecosystem is highly adaptable and supports use cases such as stablecoins and NFTs, while enabling developers to create custom subnets.
Subnets are private blockchains that validate transactions, provide access to more secure and efficient blockchain infrastructure, and contribute to Avalanche’s open-source community development.
About Nebeus
Nebeus is a leading European cryptocurrency and crypto-backed lending platform available as a web and mobile app. It enables users to leverage their crypto investments to obtain instant loans in fiat currencies, stablecoins, and cryptocurrencies.