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AlexNeto (OP)
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August 29, 2017, 10:25:18 PM
Last edit: August 29, 2017, 11:12:21 PM by AlexNeto |
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I'm offering loans nominated in USD secured by crypto-asset collateral.
Flexible conditions and number of accepted cryptocurrencies and tokens.
This service is for speculators who want to take off-exchange margin long positions, ICO investors who wants to keep holding their other crypto-assets and get potential double profit and other.
PS. Please understand, this loan won't increase your actual asset value, as collateral must be 100% + escrowed deposit.
Example:
Trader holds ZEC as long time investment.
He sees an opportunity in intraday trading on other crypto-coin pairs.
We agree on a deal and he "borrow" 250k usd from me, secured by his ZEC, but we actually don't need to swap assets, it can be just nominal. If ZEC/USD current rate is 250, than 1000 ZEC will be a 100% collateral.
But he needs to sent security deposit to escrow, lets say 20% = 200 ZEC
So the rest he can sell and use for trading, ICO or whatever, and still keep opportunity from holding all 1200 ZEC.
If ZEC price is rising, trader can claim from me extra value, to keep equal balance, and oppositely.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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zazarb
Legendary
 Offline
Activity: 3374
Merit: 1548
Get loan in just five minutes goo.gl/8WMW6n
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August 30, 2017, 09:44:29 AM |
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I'm offering loans nominated in USD secured by crypto-asset collateral.
Flexible conditions and number of accepted cryptocurrencies and tokens.
This service is for speculators who want to take off-exchange margin long positions, ICO investors who wants to keep holding their other crypto-assets and get potential double profit and other.
PS. Please understand, this loan won't increase your actual asset value, as collateral must be 100% + escrowed deposit.
Example:
Trader holds ZEC as long time investment.
He sees an opportunity in intraday trading on other crypto-coin pairs.
We agree on a deal and he "borrow" 250k usd from me, secured by his ZEC, but we actually don't need to swap assets, it can be just nominal. If ZEC/USD current rate is 250, than 1000 ZEC will be a 100% collateral.
But he needs to sent security deposit to escrow, lets say 20% = 200 ZEC
So the rest he can sell and use for trading, ICO or whatever, and still keep opportunity from holding all 1200 ZEC.
If ZEC price is rising, trader can claim from me extra value, to keep equal balance, and oppositely.
that's the principle you do not lending anything, then the question arises - why Borrower should believe your promise cover extra value after collateral price rise? e.g. zec rate become 500usd and you need cover him 250k usd extra? |
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AlexNeto (OP)
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August 30, 2017, 10:15:52 AM
Last edit: August 30, 2017, 11:22:27 AM by AlexNeto |
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There could be a few options. As I said, we can do regular clearing to keep equal balance. Security liquidity pool (deposits from both sides) can be escrowed on multisig. There is still certain level of risk involved of course.
As opposite to your example, If ZEC will get broken/hacked/crashed to 0 suddenly. So depending of asset volatility, liquidity, we should figure out optimal deposit value to minimise this kind of risks.
I just can't see any sense to swap assets as you do, but if potential borrower wishes to receive funds in BTC, ETH or some other crypto, in exchange to full value collateral, we can do, it's ok.
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zazarb
Legendary
Offline
Activity: 3374
Merit: 1548
Get loan in just five minutes goo.gl/8WMW6n
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August 30, 2017, 05:23:25 PM |
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There could be a few options. As I said, we can do regular clearing to keep equal balance. Security liquidity pool (deposits from both sides) can be escrowed on multisig. There is still certain level of risk involved of course.
As opposite to your example, If ZEC will get broken/hacked/crashed to 0 suddenly. So depending of asset volatility, liquidity, we should figure out optimal deposit value to minimise this kind of risks.
I just can't see any sense to swap assets as you do, but if potential borrower wishes to receive funds in BTC, ETH or some other crypto, in exchange to full value collateral, we can do, it's ok.
if ZEC price will get down , you have in your possession (in escrow)20% of ZEC for your interest, when in opposite borrower, have only your word , which is nothing worth. The situation would change if you could deposit to escrow as well 20-50% of worth the loan. |
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AlexNeto (OP)
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August 30, 2017, 09:17:15 PM |
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There could be a few options. As I said, we can do regular clearing to keep equal balance. Security liquidity pool (deposits from both sides) can be escrowed on multisig. There is still certain level of risk involved of course.
As opposite to your example, If ZEC will get broken/hacked/crashed to 0 suddenly. So depending of asset volatility, liquidity, we should figure out optimal deposit value to minimise this kind of risks.
I just can't see any sense to swap assets as you do, but if potential borrower wishes to receive funds in BTC, ETH or some other crypto, in exchange to full value collateral, we can do, it's ok.
if ZEC price will get down , you have in your possession (in escrow)20% of ZEC for your interest, when in opposite borrower, have only your word , which is nothing worth. The situation would change if you could deposit to escrow as well 20-50% of worth the loan. Are you a potential borrower? If so, we can find a consensus, I said - deposit from both sides will be escrowed. We can use multisig. I am flexible as long as it's safe and mathematically profitable for me. |
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jackg
Copper Member
Legendary
Offline
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
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August 31, 2017, 07:49:34 PM |
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~Snip~
Just as a quick question, what about the fees you pay to trade for the coins at an exchange? If someone wants n number of coins and you get those coins at an exchange and they do the same. 0.2-1% of the value of the coin is already gone - unless you do a trade on this or any forum - in this case you may as well just swap the amount with the borrower anyway. (that being said, if you manage to get past this problem, maybe by getting them to pay the value or getting them to pay interest then this will work quite well for you) - Good Luck! |
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AlexNeto (OP)
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August 31, 2017, 08:23:32 PM |
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Ok, I understand now, this could be a reason to swap coins, to save on exchange fees.
So yes, I can issue a loan in BTC, ZEC, BCH, ETH, ETC, XMR, LTC and a few other coins (depending what is in our portfolio currently), pegged to USD, if borrower doesn't want to use exchange. This is reasonable not only because of fees, but also for privacy reasons.
We never disclose any addresses, amounts, client names or deal details to any third parties in any case, without permission from all involved parties.
Righ now Meaga Deal available;
With BTC collateral - only 20% deposit, only 12% interest per year in USD!
Keep your BTC long position and get 80% of value for ICOs and trading. Or just enjoy x5 (500%) profit from BTC price increase.
Limited time offer!
Note: don't need to trust me. Deposit will be multisig escrowed, 20% from borrower as well as 20% from me.
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