Why Choose DAG Loan?
Published in
2 min readNov 13, 2019
- Highest Loan-to-value ratio in the market — You can take a loan equal to up to 70% of the crypto collateral you deposit. In other words, if your collateral is $10,000, you can get a loan of up to $7,000. It’s the highest ratio among all De-fi loan services in the market, a privilege only DAG users can enjoy.
- Automated warning system — If the collateral ratio drops from the initial 167% to 125%, you will receive a notification via SMS and email at 135%. To avoid small automatic loan repayments you can deposit more collateral to the outstanding loan. If you don’t, at 125% level, DAG Oracle will automatically start selling small chunks of your collateral to keep the collateral ratio just above 140%. DAG Oracle will sell as little as possible, so you hold as much crypto as possible.
- No fees other than the daily interest — There are no hidden fees from the investment, loan and transaction activities at DAG. For the daily interest of loans, we proudly take the simple interest model for our customers, simply meaning the same amount of daily interest is charged on your outstanding loan until the maturity, whereas the compound interest model gets to drive your interest payout amount up everyday.
- High yield passive income — For those deposit crypto assets to DAG platform under ‘investment’ menu will benefit high-yield interest income. DAG investment’s profit rate tops up not only that of traditional investment products but also the leading de-fi competitors.
- USDT loan — DAG is the only de-fi loan provider in Korea which supports loan for Tether (USDT), the most commonly used stablecoin worldwide.
- 24/7 customer support — We value our customers more than anything. Our trained customer support specialists are ready and standby 24/7. They will immediately respond to your concerns, issues and complaints even if you are in different time zone.
