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Author Topic: Need 7 ETH loan for 30 days - collateral used escrow required (qryptos verified)  (Read 96 times)
Bigraz
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May 08, 2018, 11:48:50 PM
 #1

Hi there,

As title states. My funds are tied up in qryptos who is taking a ridiculous amount of time to verify me. I need 7 ETH for an investment and will put up 120% worth of Zebi tokens as collateral. 30 day term and 5% interest to be paid at the end.

Also we will use a trusted escrow for the deal.


Needed ASAP.
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ThatRandom8543
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May 08, 2018, 11:57:11 PM
 #2

Hi there,

As title states. My funds are tied up in qryptos who is taking a ridiculous amount of time to verify me. I need 7 ETH for an investment and will put up 120% worth of Zebi tokens as collateral. 30 day term and 5% interest to be paid at the end.

Also we will use a trusted escrow for the deal.


Needed ASAP.

How many zebi tokens do you have? Could you provide an eth where they are located?
Bigraz
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May 09, 2018, 04:21:29 AM
 #3

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80
Hatcher
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May 09, 2018, 05:04:15 AM
 #4

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.
Bigraz
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May 09, 2018, 06:09:04 AM
 #5

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though
Hatcher
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May 09, 2018, 06:24:37 AM
 #6

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be already verified.
Bigraz
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May 09, 2018, 06:30:15 AM
 #7

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?
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May 09, 2018, 06:46:41 AM
 #8

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?

It seems like a fair loan, except for the fact that I don't know or trust the exchange, which is why I would require the escrow to be verified on it. It might be a long-shot, but it's what I'm throwing out there. Maybe someone else who already has experience with the exchange would lend it to you without hesitation (escrow just holds on to the collateral and doesn't need to vouch for the exchange, only transfer it if necessary).
Bigraz
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May 09, 2018, 06:51:05 AM
 #9

The requirements on the escrow are quite high. They would need have a verified Qryptos account (only place that Zebi has liquidity on) and be able to ensure the lender doesn't lose money (not only by selling at the right time if the price drops but also guaranteeing that the lender gets their funds, effectively vouching* for Qryptos).

I don't know if any escrow would be willing to do that, but if so, I'd be interested.

*Whether or not their withdrawal gets processed on Qryptos the lender will receive his funds.

I mean the funds could always technically be liquidated and withdrawn at a later time without a full verification initially, should that situation arise no? Good point though

Some lenders might be fine with that, but I personally wouldn't want to be at the mercy of the Qryptos verification process which is why I would require the escrow to be verified already.

Would you consider it at a higher interest %?

It seems like a fair loan, except for the fact that I don't know or trust the exchange, which is why I would require the escrow to be verified on it. It might be a long-shot, but it's what I'm throwing out there. Maybe someone else who already has experience with the exchange would lend it to you without hesitation (escrow just holds on to the collateral and doesn't need to vouch for the exchange, only transfer it if necessary).


Sure, I can understand that. I need the loan preferably within 8 hours, should you want to change the terms to better suit you if I cannot find a qryptos verified escrow in that time please let me know and I will try to accommodate.
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May 09, 2018, 06:59:56 AM
 #10

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low,  would not have the opportunity to sell if price start fail.

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Bigraz
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May 09, 2018, 07:25:39 AM
 #11

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low,  would not have the opportunity to sell if price start fail.

Yes that's why you leave a sell order at 100% of value.
zazarb
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May 09, 2018, 07:40:52 AM
 #12

I have 30,000 available that I will use for the loan - the rest are locked on Qryptos.

Sure the address is 0xac413faa6c43da06f25c0a87aded19bf83ed5e80

Besides verification, another problem , that token trade volume very low,  would not have the opportunity to sell if price start fail.

Yes that's why you leave a sell order at 100% of value.

Usual in Lenders practice, sell order leave at least 105-110% of value, but as I mentioned above, ever such a protection reserve can't help with such small trade volume.

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