As the crypto space matures and weathers stress-test after stress-test, we feel proud of the robust business model we have built for our clients. Since creating the world’s first crypto-collateralized credit lines in 2018, we’ve granted customers from all walks of life access to an effective and affordable financing tool through our Instant Crypto Credit Lines™.
This ongoing evolution of the space has brought about the need for market-driven changes to boost the stability of our clients’ assets. To further guarantee the resilience of our business model regardless of market conditions, we are introducing a few updates to the terms of our borrow product.
Borrowing Rates From 6.9% APR
Our borrowing rates will start at 6.9% APR, effective as of May 26, 2021 for all Nexo borrowing clients. Please refer to the new rates, as outlined per Nexo Loyalty tier in the table below.
As of this May, our borrowing rates will be reviewed and, if necessary, revised once per year only or in the event of extreme market conditions, with the next scheduled annual review due in May 2022.
New LTV Ratios
The Loan-to-Value (LTV) ratios for 10 cryptocurrencies available as collateral on the Nexo platform will be lowered, effective as of May 5, 2021 for clients withdrawing new credit lines on or after this date. Please refer to the list below for the full breakdown of our new LTVs.
We are confident that these changes protect all Nexo stakeholders, help us sustain long-term growth, and pave the way for the widespread distribution of benefits to our community.
It is precisely this confidence that allows us to offer clients the peace of mind and security that our borrowing rates will remain fixed for the year ahead. Аs we have continually proven, our sustainable business model equips us to withstand even the toughest of times.