Financing with Crypto

Helio Lending is here to help you afford the necessities and luxuries that you were thinking about when contemplating to sell your crypto assets in order to finance them.

Everybody has desires that they just do not have the cash on hand to acquire — maybe it is a dream home, maybe a dream car, maybe a dream vacation — and considering the current state of the cryptocurrency markets, it is perhaps not the wisest idea to sell off crypto-holdings to finance those dreams.

At Nexo, we have developed an alternative to clearing your portfolio that provides HODLers with the funds to finance their aspirations while letting them retain full ownership of their digital assets.

How Nexo helps your finances?

Nexo allows its users to take out instant crypto credit lines within minutes of joining the platform.

Fore More Information: https://heliolending.com/

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The Influence of Crypto Lending

The practice of lending money has been and continues to be one of the driving forces behind the modern economy. Since debt first became a facilitator for trading, it has been considered a significant component in commerce and investment. With all this clout, it didn’t take long for the practice to make its way into the crypto market. Since around 2010, the potential establishment of “bitcoin banks ” has become a popular topic among numerous forums. Not too long after, people started offering P2P lending services to extract returns on their holdings. This particular space has since evolved to include a wide variety of businesses. Crypto lending and borrowing have numerous advantages, and these advantages could attract new users. Moreover, it can help expand the ecosystem as a whole. Attracting banks One notable change in the crypto sector is that traditional banks may start taking an interest in the system. Rates on fiat loans are at historically low le...

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Stablecoins vs Elastic Supply Coins – Which are Better for Loans?

The crypto industry is immensely volatile. This is due to both its infancy, and its influx of retail investors. While volatility can be favorable to some (such as day-traders), most people find it uncomfortable and worrisome. As a means of curbing this, developers created coins and tokens that are tied to certain values, allowing for steadiness and peace of mind. There are two main categories of coins that achieve this: stablecoins and elastic supply coins. Both are designed to be significantly more predictable, and for this reason, they make for fantastic forms of collateral when getting crypto-backed loans. On the surface, they can even seem very similar to each other, but the technology and economic principles behind them are wildly different. So which is the better collateral: stablecoins, or elastic supply coins? Stablecoins use reserves Stablecoins, such as Tether, TrueUSD , and Dai, keep their assets at consistent prices by using reserves of fiat mone...

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WHAT IS A LOAN WRITE-OFF?

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