As a part of the dynamic expansion of Nexo’s products, we have added LINK as an available asset for the Instant Crypto Credit Lines and Earn on Crypto.
LINK is the Chainlink network’s native token. Chainlink serves as a secure bridge between the blockchain space and the vulnerabilities posed by external sources by providing reliable tamper-proof inputs and outputs for smart contracts.
LINK-backed loans allow investors to borrow against their assets rather than selling them while benefiting from Nexo’s unrivaled interest rates and superior tax-efficient service. Our LINK credit lines also make HODLing easier and ease selling pressure while increasing the asset’s utility.
The benefits of Nexo’s LINK integration include:
- The best borrowing rates, starting from 5.9% APR only on what you actually use
- The opportunity to earn up to 5% interest on your LINK
- Increased LINK utility features, less selling pressure and easier HODLing
- А minimum credit line amount of $500 and a maximum of $2M
- Top-tier insurance on all custodial assets
- #ZeroFees — No hidden fees or FX commissions
- Local bank withdrawals within 24 hours
- No installments and no minimum loan repayments
- Automated and guaranteed instant approval with no credit checks
- Available worldwide in 40+ fiat currencies across 200+ jurisdictions
In addition to the LINK integration onto our platform, we are also pleased to announce Nexo and Chainlink’s strategic collaboration based on our shared belief in DeFi and common goal of driving the digital finance industry into the mainstream. To find out more, read our joint statement.
We trust you will enjoy and use our LINK Credit Lines abundantly.
Nexo is the world’s leading regulated digital assets institution for digital assets. The company’s mission is to maximize the value and utility of digital assets by offering tax-efficient ‘Instant Crypto Credit Lines’, high-yield ‘Earn Interest’ products and ‘Send & Pay’ capabilities while providing the $100 million custodial insurance and military-grade security of the Nexo platform. After raising $52.5 million in 2018, Nexo has processed $3+ billion for 800,000+ users across 200 jurisdictions.
Official website: https://nexo.io
Chainlink is a decentralized oracle network that helps resolve connectivity issues with smart contracts, enabling users to build blockchain-based smart contracts that securely access off-chain data feeds, web APIs, and traditional bank payments. By doing so, Chainlink transforms the role that smart contracts can play in a vast number of sectors, including financial services, insurance, and supply chain. Chainlink provides highly secure and reliable oracles to large enterprises (Google, Oracle, and SWIFT) and leading smart contract development teams such as Polkadot/Substrate, Synthetix, Aave, Tezos, Conflux, and many others. Learn more by visiting the Chainlink website or following on Twitter or Reddit.
Official website: chain.link