If you have any stablecoins lying around, we invite you to grow your savings with Lend at Hodl Hodl. In this blog post, we are going to explain how, and most importantly, how much you can earn through our new lending platform.
How it works
On Lend at Hodl Hodl, you lend and borrow on a P2P basis, meaning that you don’t borrow from us, you borrow from other users. Here’s how it works:
- As soon as an offer is accepted, this means that you and your counterparty have agreed on the terms, and the contract is created. Our platform generates a unique escrow address for it.
- Borrower deposits Bitcoin as collateral directly into the escrow from his wallet.
- Lender transfers the loan amount to the Borrower according to the contract.
- Borrower repays the loan plus interest, then the Lender releases Bitcoin back to the Borrower’s wallet.
Grow your savings
Use your stablecoins, create lend offers, set your terms and earn interest. Depending on the amount you are willing to lend, you have two options, go with short-term micro loans or lend higher amounts and go long-term.
Here are two examples of existing deals:
Short-term
Here is an offer from the public offer list. This user is lending an amount of 500 to 1,000 USDT for any period between 1 day and 1 month, the average LTV required is 50%, and the interest expected to be earned for the whole period is 5%.
The offer was accepted by another user and here are the details of the ongoing contract. The borrower was asked to deposit the collateral of 0.14344281 BTC to the given escrow address, where it will be stored for the whole period of the contract. The lender has sent 1,000 USDT to the payment address provided by the borrower. Borrower has the funds for up to 1 month and repays the loan of 1,000 USDT + 50 USDT interest.
Long-term
An offer to lend any amount from 5,000 to 15,000 USDC for the period from 1 to 6 months, requires the minimum possible LTV — 70% (which requires your collateral to be 100:70 to your loan value) and charges 10% interest.
The offer was accepted by another user, the borrower deposits the collateral of 1.73945403 BTC into the multisig escrow, then the lender transfers 15,000 USDC for a period of 6 months. For the upcoming 6 months, the collateral will remain locked in escrow. After six months, the borrower will repay 16,500 USDC to the lender, 15,000 (the loan value) + 1,500 (the interest).
As you can see, this is a passive income option, and the returns are attractive. All you need to become a lender — Stablecoin, and another great thing about it — any amount works!
Create your lend offers and increase your savings!
Reach us
- Hodl Hodl trading platform: hodlhodl.com
- Lend at Hodl Hodl: lend.hodlhodl.com
- Predictions by Hodl Hodl: predictions.hodlhodl.com
- E-mail: support@hodlhodl.com
- Blog: medium.com/@hodlhodl
- Twitter: twitter.com/hodlhodl
- Telegram: t.me/HodlHodl
- Reddit: hodlhodl.reddit.com
- Facebook: facebook.com/hhodl
- Youtube: youtube.com/hodlhodl
Hodl!
