In addition to Bitcoin and Ethereum, Crypto Lendify can provide loans backed by altcoins. These can include popular altcoins such as Litecoin (LTC), Cardano (ADA), Polkadot (DOT), and Solana (SOL). This service would cater to borrowers who hold diversified crypto portfolios and are seeking liquidity while retaining ownership of their altcoins.

How It Works:

The borrower deposits their altcoins as collateral, and Crypto Lendify offers a fiat loan or stablecoin loan in exchange. The LTV ratio may vary depending on the volatility and market cap of the altcoin being used.

Key Features:

• Support for a wide range of altcoins to meet different portfolio needs.
• Customizable LTV ratios based on the risk profile of each altcoin.
• Full transparency in collateral valuation and loan terms.
• Secure storage of altcoin collateral in insured wallets.

Use Cases:

• Borrowers looking to diversify their loan collateral across multiple cryptocurrencies.
• Investors who believe in long-term growth of specific altcoins but need immediate liquidity.
• Business funding for crypto-centric startups.