Ethereum is another leading cryptocurrency, often considered the backbone of decentralized finance (DeFi). Crypto Lendify can offer Ethereum-backed loans, allowing customers to use their ETH holdings as collateral. Ethereum loans may be ideal for borrowers who are heavily invested in the Ethereum network and decentralized applications but want to access fiat currency without selling their crypto assets.

How It Works:

Customers pledge their Ethereum as collateral in a similar way to Bitcoin-collateralized loans. The LTV ratio is determined based on market volatility and customer risk profiles. Ethereum loans may also come with additional benefits for those using DeFi platforms.

Key Features:

• Competitive LTV ratios that balance risk and flexibility.
• Ability to participate in DeFi staking or yield farming while using ETH as collateral.
• Quick disbursement of funds after collateral is locked.
• Secure and insured storage of ETH.

Use Cases:

• Liquidity for investing in other DeFi projects.
• Funding operational costs for businesses.
• Diversifying investments without selling ETH.