Community Discussions
Explore the latest discussions and community conversations related to this domain.
How do you choose the best crypto loan platform?
Main Post:
Hello everyone! Have a quick question
I’ve tried crypto loans a few times, and with so many platforms available, choosing the right one can be overwhelming. Recently, I came across some useful insights on what to consider when picking a lending platform:
- Interest rates – Comparing rates helps find the best deal.
- Loan terms – Flexible repayment schedules matter.
- Collateral requirements – Some platforms require high over-collateralization.
- Customer support – Quick response times can be crucial.
- Reputation – Well-established platforms feel safer.
Curious to hear from others—what factors do you consider most important when choosing a platform for crypto loans?
Top Comment: As a lender only - only safety of the platform. I stick to Aave, and if I want better APY, i just look for the chain having the best stablecoin yield APY.
Genesis Global Trading's Crypto Lending Arm Halts Withdrawals, $2.8B in Active Loans : CryptoCurrency
Main Post: Genesis Global Trading's Crypto Lending Arm Halts Withdrawals, $2.8B in Active Loans : CryptoCurrency
Polyamory, penthouses and plenty of loans: inside the crazy world of FTX
Main Post: Polyamory, penthouses and plenty of loans: inside the crazy world of FTX
Top Comment:
West world without robots I guess. Also a lot more ugly.
The first crypto based mortgages & home loans just hit the market!
Main Post:
BankSocial just released the first ever crypto based mortgages (US), home and hard money loans (worldwide)!
They are really interesting products, among them one where you can get a home loan and keep your crypto.
Check out the loans and let's talk in the comments:
- Do you think a home loan (where you can keep your crypto and buy a house) will be welcomed or largely ignored by current holders?
- Do you think blockchain based mortgages and hard money loans have a future in general or not?
- What do you think of the planned ecosystem (read below of what's to come)
More in the works, the entire ecosystem (rest soon to be released) will contain:
- Staking into the social liquidity pool (SLP) for the profits
- CeX
- Mastercards with rewards
- Interest bearing FIAT debit accounts: Yes, basically a bank account that actually pays YOU an interest for keeping your money there... Like it should be. And like it have been completely normal... A few decades ago.
- Fiat on and offramp for the token (BSL)
- And more...
The token itself:
- Is available on erc and bsc chains, with the same token address.
- Has an anti-scam measure built in, meaning if you lose your tokens, the team can get them back (and have demonstrated doing so in several occasions when someone got scammed)
- Is a relatively new, 9 months old project, who did zero marketing so far, because they didn't want to get a pump&dump (and marketing before utility always results in quick pump&dumps), so they are kind of the best kept secret in crypto, with a super low mc for now.
DYOR links:
https://twitter.com/BANKSOCIALio/status/1494642979797143684https://www.todayinbanking.com/article/563373526-banksocial-introduces-blockchain-based-home-loanshttps://www.banksocial.io/ (check out the products tab)https://www.banksocial.io/personal/crypto-home-loanshttps://www.banksocial.io/business/crypto-hard-money-loanhttps://www.banksocial.io/licenses-registrationshttps://www.banksocial.io/bsl-token-infohttps://my.banksocial.io (This is NOT LIVE, this is just a demo to show you what's coming soon. I think the live version will come within weeks, but that's just a personal guess, as a simple holder, I don't have exact release date information.)https://www.dextools.io/app/ether/pair-explorer/0xec5409816efe7151b809c1214b4780131d5f251bhttps://www.dextools.io/app/bsc/pair-explorer/0x10a4d4d435cbba8e85a506ae6b1f116098ddb849https://coinmarketcap.com/currencies/banksocial/ (Ignore the price here, low volume CeX-es mess it up completely, absolutely unreliable)To apply for a loan: https://loans.banksocial.io/
FYI: I'm not part of the team! I'm just an investor (not even a whale) who has been following the project from day one.
Top Comment:
Idk if this is good or bad news...
Flash loans + Arbitrage
Main Post:
Howdy!
I've been going down the flash loan rabbit hole and have a few questions:
- They seem too good to be true, on paper. What's the catch? Why aren't more people taking advantage?
- Can they be deployed on Polygon?
- Anyone have any good tutorials for them? Specifically hooking them up to an arbitrage bot so you can take advantage of arbitrage quickly? I've seen a few (incl. Patdick Collins) but they mainly focus on the flash loan only.
- Anyone use Furucombo successfully? Any tips/tricks?
Thanks!! :)
Top Comment:
I assume because most people don’t want to be glory holed when a stretch of volatility comes and kills your margins.
Crypto Loans
Main Post:
So I've been invested for quite some time and made some nice profits. However, I never converted to fiat to avoid taxes. I plan to travel a bit and thought about using some of my profits to do so, but I'd like to avoid selling my crypto. What options do I have to make use of my money without selling? Is a crypto loan my best option and where can I get one? Are crypto loans regulated on a national Level?
Top Comment: Regulation depends on your citizenship/residency, but usually no tax on loans. Crypto loans are definitely useful, I used decentralized (e.g. aave) and centralized (basically any major exchange) options. Be aware that rates will fluctuate and keep LTV at 50-70% at most to avoid liquidation.
What's a good rule of thumb for crypto loans?
Main Post:
As I've recently learned, you can loan USDC by using your crypto as collateral. I'd like to ask the veterans pf this subreddit on what percentage of your collateral do you loan? Is 40% of your total collateral (in this case WBTC), safe or is it too risky?
I'm planning on buying property with the loaned USDC and I wont be using it to buy more WBTC for a compounding effect.
Advanced thanks for all your insights!
Top Comment: My rule of thumb is to never use the borrowed money in a way that isnt instantly accessible to repay the loan in case the collateral crashes. Arbitraging, LPing stable pairs, etc. But buying illiquid assets like real estate? Thats not just borrowing anymore, that turns it into leverage. I keep my LTV for btc/eth at 80%, to answer succinctly, but thats because I can pay it back in 1 minute's notice and have a contract set up to sell very small amounts of my collateral to repay the loans in case of an overnight crash. YMMV, but if using the loan for an illuquid asset, an 80% LTV is pretty much gauranteed liquidation.
I Took Out $94000 in Personal Loans to Buy Crypto
Main Post: I Took Out $94000 in Personal Loans to Buy Crypto
I want to get defi loans against my BTC to live off of it. Any good options?
Main Post:
The idea is each month to get a new loan and get stablecoins which to live off of. So that I don't sell my BTC, ever.
I would rebalance the loans that get low on LTV.
I understand it's risky, but I'm truly long term bullish. I already have mortgages on properties that cashflow and that I have bought BTC with. I'm fairly liquid and well off, so unless a true disaster happens I should be fine.
Thoughts, options? Thanks.
Top Comment: All comes down to - are you comfortable with having some shitcoin Dex hold your BTC as collateral? Imo it's almost as bad as leaving on an exchange, maybe worse
Are there any current methods to borrow against BTC / use BTC as collateral at the moment?
Main Post:
Uk based, but generally here it’s often said that when someone has accumulated enough BTC instead of spending it on,say, a house, we could borrow against it, so that we would still benefit from any further appreciation on the BTC... in reality are there any methods or companies where this could be implemented right now or in the short term future??
Top Comment: Ledn is a Canadian company that will lend pounds in exchange for Bitcoin collateral. Never done it but they are recommended by BTC Sessions.
Why do people borrow on crypto platforms?
Main Post:
I've observed that a majority of lending platforms require you to provide collateral that matches or exceeds the loan amount on a 1:1 basis, if not more. It's quite common for these platforms to cap the borrowing limit at 75% of the collateral value. Considering this, why would someone opt to borrow cryptocurrency by locking in another as collateral, instead of just trading them directly on an exchange? Especially when exchanges often offer much lower rates compared to the hefty ones seen on DeFi lending platforms?
Top Comment: In most cases, taking a loan is a non-taxable event. So someone can use ETH as collateral, borrow USDC against it, and use that USDC to buy more ETH. This person would essentially be making the bet that ETH is going up, and using their original ETH to lever long. In the end (if ETH goes up), this user will be able sell his ETH that he bought with the loan, repay the loan, and have lots of new ETH leftover.