Instant Crypto Credit Lines: Borrow Stablecoins from 3.3% APR, without selling your crypto.

Vincent J. Lionheart
WaykiChain
Published in
2 min readJul 25, 2020

Instant Crypto Credit Lines means you don't have to apply to anyone to get credit, you just get it using the decentralized algorithms of waykichain 1st layer blockchain.

You can hold and spend WICC, BTC, or ETH without selling your crypto. Use Waykichain DeFi to borrow cash or Stablecoins from 3.3% APR, without selling your crypto, Start Borrowing Now!
To borrow (WUSD) US Dollar $10,000, the Collateral Required is 2 (BTC) Bitcoin or equivalent ETH or WICC.

The interest rate starts from just 3.3% APR and the rate for stable fees = a/lg(1+bN. In the formula, a and b are constants, and N represents WUSD borrowed by the Pledgor. Such interest rate is an annualized rate, and changes as an exponent. The more WUSD the Pledgor borrows, the lower the rate of interest. The initial values set in the system: a=0.2, b = 1. Here is a graph showing the interest rate:

The credit line has automatic approval, there are no credit checks. $ Million insurance on custodial assets is provided by waykichain based on the borrowed amount, and based on your request. If you would like insurance, please contact @Vincent_Lionheart on telegram.

Credit lines are available from only $10 to $1 million. No amount is too small or too large for waykichain, you can borrow as little or as much as you want.

The supported collaterals are ETH, BTC, and WICC. You just get cash and keep your crypto using a variety of supported collateral options.

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