Bitcoin Forum

Economy => Lending => Topic started by: a29654 on August 18, 2017, 05:38:52 AM



Title: Tether/usd loan
Post by: a29654 on August 18, 2017, 05:38:52 AM
Are these kind of loans offered?

If so please let me know:

How much collateral you need and Interest

Interested in a 20k-30k loan for about 4-5 months or less


I do have collateral in bit btc and alts


Title: Re: Tether/usd loan
Post by: Quickseller on August 18, 2017, 06:09:49 AM
What terms are you willing to offer?

Can you be more specific as to what collateral you can offer?

Please note the USD swap rates on bitfinex if you are looking to borrow USDT/USD as anyone with tether/USDT/USD can get similar rates with little/no risk via bitfinex.


Title: Re: Tether/usd loan
Post by: a29654 on August 18, 2017, 06:29:24 AM
What terms are you willing to offer?

Can you be more specific as to what collateral you can offer?

Please note the USD swap rates on bitfinex if you are looking to borrow USDT/USD as anyone with tether/USDT/USD can get similar rates with little/no risk via bitfinex.

I'm open to offers.

I can offer btc and waves as collateral


Title: Re: Tether/usd loan
Post by: condoras on August 18, 2017, 10:59:05 AM
What terms are you willing to offer?

Can you be more specific as to what collateral you can offer?

Please note the USD swap rates on bitfinex if you are looking to borrow USDT/USD as anyone with tether/USDT/USD can get similar rates with little/no risk via bitfinex.

I'm open to offers.

I can offer btc and waves as collateral

If you don't know already, your Collateral must be at least 120% of the Loan Amount.
So if you want 30k the minimum Collateral is 36k of BTC for anyone that willing to fill this. The interest is different between Lenders, not the Collateral that they receive in order to be covered from a possible Default.
Imho it would be good to tell us what you are willing to give as interest and have a starting point...


Title: Re: Tether/usd loan
Post by: a29654 on August 18, 2017, 04:31:50 PM
What terms are you willing to offer?

Can you be more specific as to what collateral you can offer?

Please note the USD swap rates on bitfinex if you are looking to borrow USDT/USD as anyone with tether/USDT/USD can get similar rates with little/no risk via bitfinex.

I'm open to offers.

I can offer btc and waves as collateral

If you don't know already, your Collateral must be at least 120% of the Loan Amount.
So if you want 30k the minimum Collateral is 36k of BTC for anyone that willing to fill this. The interest is different between Lenders, not the Collateral that they receive in order to be covered from a possible Default.
Imho it would be good to tell us what you are willing to give as interest and have a starting point...

I can cover 120% and more.

I just received a 3% a month offer for 20k. (scam attempt)

Open to offers


Title: Re: Tether/usd loan
Post by: Quickseller on August 19, 2017, 02:04:51 AM
What terms are you willing to have the collateral be liquidated? Are you willing to have the BTC automatically liquidated in the event it's value falls below 10x% of the unpaid principal of the loan?

Would you be willing to have the loan proceeds and payments be made in BTC, but in terms in USD based on the bitfinex BTC/USD price (which is very similar to USDT)?


Title: Re: Tether/usd loan
Post by: a29654 on August 19, 2017, 02:25:30 AM
What terms are you willing to have the collateral be liquidated? Are you willing to have the BTC automatically liquidated in the event it's value falls below 10x% of the unpaid principal of the loan?

Would you be willing to have the loan proceeds and payments be made in BTC, but in terms in USD based on the bitfinex BTC/USD price (which is very similar to USDT)?

I'd be more open to the idea of being informed that collateral is failing that way I can send more to compensate.

Yeah btc amount pegged to usd is also fine


Title: Re: Tether/usd loan
Post by: Quickseller on August 19, 2017, 02:55:23 AM
What terms are you willing to have the collateral be liquidated? Are you willing to have the BTC automatically liquidated in the event it's value falls below 10x% of the unpaid principal of the loan?

Would you be willing to have the loan proceeds and payments be made in BTC, but in terms in USD based on the bitfinex BTC/USD price (which is very similar to USDT)?

I'd be more open to the idea of being informed that collateral is failing that way I can send more to compensate.

Yeah btc amount pegged to usd is also fine
I guess my concern is that it is not uncommon for btc to fall at a rate so that even if you are watching it fall, you would not be able to reasonably send a transaction from your hot wallet before its value falls an additional 5-10% (it is not uncommon for the value of btc to fall ~5-10% within ~10 minutes at least once per 5 month period). It is also not uncommon for its value to fall a similar amount over ~10 hours, the time you would be expected to be away from your hot wallet at a time due to sleep, work, etc..

Once the value of btc falls below whatever level, there is no guarantee it will rise above said value in the (near) future.

Automatic liquidation is also a common term of similar loans available from brokerages that use securities as collateral.


Title: Re: Tether/usd loan
Post by: a29654 on August 20, 2017, 03:46:34 AM
I'd also be open to a 50% BTC 50% tether/usd