You could borrow against your Compound tokens at rates as low as 20% APR. Open an account and transfer your COMP 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 Compound tokens to pay off the loan if necessary. The loan itself can be in a different currency to Compound. USDT and USDC are popular loan currencies.
Platform | Reviews | Setup Fee | LTV | Rate | ||
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CeFi
Switzerland
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None
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20%
APR
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Go To SiteGo | ||
You could use your other crypto assets such as Bitcoin as collateral for a Compound loan. You could borrow Compound at rates as low as 11.6% APY. Open an account, transfer your collateral currency to the platform and then apply for a COMP loan. If you need some COMP tokens but don't want to sell your collateral tokens then this can be a useful option.
Platform | Reviews | Setup Fee | LTV | Rate | ||||
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CeFi
Lithuania
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None
|
|
|
Go To SiteGo | ||||
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