Nebeus Adds Loans Backed by Avalanche
BARCELONA, Spain, May 10, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Nebeus, the cryptocurrency and crypto lending app, is constantly looking for innovative ways to help clients grow and improve their crypto investments. Nebeus users could already buy, sell, trade and exchange Avalanche (AVAX), but now AVAX can be used as collateral for Nebeus crypto loans. This new feature allows users to borrow against their Avalanche investments.
To have a loan backed by Nebeus AVAX:
- Quick loans are immediate, pre-approved and come directly from Nebeus treasury, and offer a loan-to-value ratio of 50% at 0% interest for three months.
- Flexible loans are tailored to individual needs, allowing customers to borrow up to 80% LTV in FIAT currency or crypto up to a maximum of 250,000 and with loan terms ranging from one to 36 months.
Additionally, flexible loans are risk free as they are backed by a 10 day buffer period to take action in the event of a margin call, and all collateral posted is insured up to $100 million by Lloyd’s of London. Even better, Nebeus users can enable an option called Automatic Margin Call Handling, allowing Nebeus to automatically handle crypto collateral when a margin call approaches.
Avalanche is extremely adaptable and can power stablecoins and non-fungible tokens. This allows developers to establish private blockchains, called “subnets”, to validate transactions (consensus mechanism), providing more secure and efficient blockchain technology, as well as contributing to the open-source Avalanche community.
By developing the world’s fastest blockchain, Avalanche aims to change the costly, time-consuming, and environmentally harmful features of cryptocurrency transactions. Currently, the Avalanche blockchain can execute 4,500 transactions per second.
Nebeus is one of Europe’s leading cryptocurrency and crypto lending apps and desktop platform that allows users to use their crypto investments for instant loans in FIAT, stablecoins and crypto currencies.
Additionally, Nebeus offers an ecosystem of cryptocurrency services that allow users to trade crypto, earn using their crypto, and even buy $100 million in insurance for their Bitcoin and Ethereum.
Note to Editors
Michael Stroev, COO and Head of Product at Nebeus, is available for interviews or commentary.
For press information, please contact:
Lucia Colli | Nebeus PR Manager
Wire Service Contact:
Los Angeles, California
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bed72537-b114-4fed-837e-183ee238e2f6