You could borrow against your Algorand tokens at rates as low as 8% APR. Open an account and transfer your ALGO tokens to the platform. Then use the value of those tokens as collateral for an instant loan. Normally no credit checks are required as the platform can use your Algorand tokens to pay off the loan if necessary. The loan itself can be in a different currency to Algorand. USDT and USDC are popular loan currencies.
Platform | Reviews | Setup Fee | LTV | Rate | |||
---|---|---|---|---|---|---|---|
CeFi
Hong Kong
90%
|
None
|
50%
|
|
Go To SiteGo | |||
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