Introducing Crypto Loans: Borrow, Trade, and Grow Your Assets

We are thrilled to announce the launch of a highly anticipated feature on the Kyrrex platform: Crypto Loans! This new offering is now available to all users on our web platform and will soon be accessible through our Telegram bot.

What Are Crypto Loans?

Crypto loans are a financial product that allows you to borrow funds by using your existing crypto assets as collateral. For example, you can borrow BTC using USDT as collateral or borrow USDT with ETH as collateral. Each loan is over-collateralized, meaning the value of the collateral must exceed the value of the borrowed amount, ensuring a secure borrowing process.

Available assets for collateral:

• KRRX
• ETH
• BTC
• USDT
• LTC

Annual interest rates range from 1.25% to 7.5%, depending on the asset used for the loan.

You can utilize the borrowed funds for various activities, including trading and on-chain operations. To close the loan, simply repay the full borrowed amount along with any accrued interest.

How to Get Started with Crypto Loans on Kyrrex

There is no limit to the number of loans you can take, as long as you have sufficient collateral. The borrowed funds will be instantly credited to your Kyrrex wallet, where you can manage them through your Dashboard.

To take out a loan, log in to the Kyrrex platform, navigate to the Crypto Loans section in the top menu, select your desired asset, and click Borrow. That’s it!

Stay tuned for more updates, and happy trading with Kyrrex!