PRESS RELEASE.
Comparing Different Loan Functions in Mining Products
Among some of the well-known loan models are:
Traditional Bank Loans: Conventional banks allow miners to borrow currency using personal or business credit, but they typically involve lengthy approval times, high interest rates, strict documentation requirements, and are rarely optimized for miners or digital assets.
Why ViaBTC’s Loan Model Stands Out From the Rest
Compared to the lending functions highlighted above, ViaBTC’s collateral-pledged loans stand out because they are purpose-built for miners’ day-to-day operations. The mining pool offers instant loan disbursement, flexible repayment with no fixed maturity, and margin alerts that help miners manage risk.
Here are some of the key ViaBTC loan features that help miners navigate a choppy market and stay profitable:
Auto-Pledge Feature: ViaBTC offers the Auto-Pledge feature to stabilize loan LTVs. When the ‘Current LTV’ reaches the ‘Margin Call LTV,’ this system automatically transfers assets from the miner’s account balance into the collateral pool, reducing the position back to normal levels.
No Fixed Maturity Date: ViaBTC collateral-pledged loans have no fixed maturity date, allowing miners to borrow when they want and repay at their own pace.
Fair and Transparent Rates: ViaBTC charges a fixed annual interest rate of 9.9%, which sits below the market average for crypto-collaterized loans, where rates typically range from 3% to over 20% depending on the platform.
Simple Daily Interest: ViaBTC has no hidden fees or variable-rate adjustments tied to market conditions on its loans.
Loan interest is calculated daily using a simple formula:
Loan Alerts: ViaBTC sends margin call alerts when LTV exceeds the threshold. These notifications are an early reminder to prevent miners’ loan positions from deteriorating.
Conclusion
Disclaimer
This article is for informational and educational purposes only and should not constitute financial, investment, or legal advice. Readers should conduct their own research or consult with a qualified professional before making any decisions.
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