Helio Lending

  If you are looking to earn passive income while holding coins, crypto lending is a worthwhile option.   This is an alternative investment method in which investors lend either fiat money or cryptocurrencies to other borrowers. In exchange, they will receive interest payments. If you consider yourself to be a crypto investor, then crypto lending can offer immediate returns. The best part is that there is no need for you to sell any coins.   To some, this deal may sound too good to be real. Most – if not all – of the best high-yield savings accounts pay considerably less interest, and crypto lending is admittedly a riskier way of holding your savings. It is difficult to guarantee returns when it comes to crypto, so to be safe, there are some things you need to remember.   Different loans and wisely choosing an exchange   It is important to note that not every cryptocurrency exchange allows you to lend out your crypto. No two exchanges are alike, so interest ra...

  With the NFT market currently booming, digital art collectors have been eager to use their works as collateral for loans. NFTs are accepted by both CeFi and DeFi lenders , however the process is very different between the two.   No humans   By far, the biggest difference is that when using your NFT as collateral on a DeFi platform, there are no humans to assess your artwork. DeFi platforms are all automated, meaning that there are no humans running things at any stages. There may be programmers and developers who build the infrastructure, but once the system is set up, they take a backseat and let the system run itself.   This is much less of a problem when using cryptocurrency as collateral on a DeFi platform, because the worth of a crypto can be mathematically calculated, but with art it is different. DeFi lending platforms use algorithms to determine the worth of your assets, meaning that if you use your NFT as collateral via this method, then a machine will be...

  With DeFi being the cutting-edge new field in the financial world, many are flocking over to it under the belief that it is superior to traditional financial tools. And while DeFi does have its advantages, there is one major disadvantage that is often overlooked by newcomers.   DeFi Projects have Extremely Limited Customer Service   Practically every DeFi project has either limited customer service, or no customer service whatsoever. This is not an oversight, it is something that simply comes with the territory. It is not possible for there to be genuine, helpful, human customer service with a DeFi project or platform because all significant activity happens via automation. Smart contracts are handling practically everything, and there are no human operators who are able to step in and intervene, should somebody need their help. In fact, for that to happen would be to defeat the purpose of decentralized finance as a whole.   With this in mind, DeFi is a double-edge...

  If you’re a regular follower of the news, then you likely have come across more than a few stories about cryptocurrency. This digital-based market is sure to evolve and grow in popularity in the coming months and years and, as a result, you might be wondering if cryptocurrency lending is right for your business needs. You also might be simply wondering, “What is cryptocurrency lending?” Unlike traditional stocks, bonds, and mutual funds, cryptocurrency lending offers a number of financing benefits that may appeal to small businesses and startups, including short-term flexibility, low interest rates, and convenience. However, crypto lending platforms also contain elements of risk that are important to understand before you make any sort of digital transaction. Here, we’ll outline some of the key terms used in the crypto marketplace, and identify how crypto lending differs from traditional financing, including potential pitfalls. If you’re unsure about your options, you may want to...

  As   crypto holders   worldwide increase, more people are looking for alternative ways to earn passive income with crypto, while others want to take advantage of crypto-backed loans. More and more crypto exchanges and products offer crypto loans and interest-earning vehicles, such as Binance, BlockFi, Crypto.com, Celsius, and Nexo. These platforms are not only attractive from an investment point of view but there could also be interesting tax advantages. Today we cover all the tax implications of taking crypto backed loans, but first, let’s explore more about them. What are Crypto loans ? A crypto loan works similarly to a traditional loan. On one side, you can put your crypto holdings to work by generating interest on locked funds into interest-earning platforms. On the other side, you can use some of your crypto holdings as collateral to borrow cash (e.g., USD) or other cryptocurrencies. Why take Crypto loans? Using crypto earning platforms, you can borrow money at an...

  If you are looking to earn passive income while holding coins, crypto lending is a worthwhile option.  This is an alternative investment method in which investors lend either fiat money or  cryptocurrencies  to other borrowers. In exchange, they will receive interest payments. If you consider yourself to be a crypto investor, then crypto lending can offer immediate returns. The best part is that there is no need for you to sell any coins. To some, this deal may sound too good to be real. Most – if not all – of the best high-yield savings accounts pay considerably less interest, and  crypto lending  is admittedly a riskier way of holding your savings. It is difficult to guarantee returns when it comes to crypto, so to be safe, there are some things you need to remember. Different loans and wisely choosing an exchange   It is important to note that not every  cryptocurrency exchange  allows you to lend out your crypto. No two exchanges are al...

  Alex Mashinsky, the founder and chief executive of the crypto lending platform , Celsius Network, recently announced a change concerning Dogecoin. He speculates that it will transition from a proof-of-work (PoW) protocol to proof-of-stake (PoS) within the next two years. Switching protocols means different features and abilities for the system. For those who are not particularly savvy to these protocols, you may be wondering what makes them distinct from one another. On top of that, you want some context for this lending platform’s potential transition. Proof-of-Work Proof-of-work refers to a system that needs an insignificant yet feasible amount of effort to avert any malicious or trivial uses of computing power. Examples include sending spam emails or launching various attacks, like denial-of-service (DoS). PoW creates the basis of Bitcoin, as well as many other cryptocurrencies, which enables a consensus that is secure and decentralized. The best way to look at PoW is by seei...

  With the explosion of DeFi projects comes new ways of managing, handling, and storing money. One method that decentralized tools use to do this is via liquidity pools. These are a revolutionary and deeply significant technology that has allowed for DeFi to flourish over the last few years.   Introduction to Liquidity Pools   Liquidity pools are relatively new tech, being popularised by Uniswap; perhaps the most famous decentralized exchange on the market. Essentially liquidity pools are smart contracts that hold large quantities of funds within one location, that allow traders or borrowers to take from that pool. They help decentralized exchanges and loan providers to connect individuals with the money they are looking to work with.   People hand their coins and tokens over to liquidity pools in exchange for an incentive of some sort (with different projects offering different incentives). These funds are then used to help make trades or issue loans. The money peo...

Do you have a lot of bitcoin in your wallet, and are you thinking of selling your coins to solve a need or invest in your business? I’ve got good news for you. When you need liquidity, there’s no need to sell your coins; Crypto loans are a better option, and I will show you exactly why. Recently, crypto loans have become more and more common. These forms of loans make the procedure of borrowing capital much simpler than standard approaches. The notion of crypto loans sounds dangerous for certain individuals and as if it’s too good to be real. We want these concerns to be dispelled and let you know that crypto loans live up to the hype. Reasons for a crypto loan: To Invest in your business. The most obvious reason for considering a small business loan is probably to invest in an opportunity for your company to expand. Continuing to grow your company when business is booming can help ensure that your profits do not plateau or shrink. To avoid selling your crypto. Some of us have spent ye...

  If you are thinking about applying for a loan, you must understand the differences between fixed interest rates and variable interest rates. Whatever the reason you need this loan, understanding the differences between variable and fixed interest rates can help you save on money and achieve your financial goals.   Exhibit A: Fixed   ‘Fixed’ interest rate loans are loans where the interest rate charged will remain fixed throughout that loan’s term. It makes no difference what market interest rates do either. This will lead to your payments being the same during the whole term. Whether this type of loan suits you largely depends on the interest rate environment when the loan is taken out. Moreover, it depends on the loan’s duration.   When a loan is fixed for its term, it stays at the current market interest rate, with or without a spread that is distinct to the borrower. For the most part, if interest rates are low, but will soon increase, then locking in your loa...

“Consequences of Loan Defaults”   To “default” is to fail at repaying a debt – including principal or interest – on either a loan or security. They usually happen when a borrower cannot make payments on time, they regularly miss payments, or they avoid making payments. Alternatively, they stop altogether. As one might expect, there are consequences for such an act.   Credit damage   Falling into default will mean that your credit will suffer greatly. Your credit score consists of numerous factors, but the most critical is your payment history. This includes your current position with outstanding accounts, credit cards, loans, or other lines of credit. Having a bad credit score will obviously negatively affect you in various ways. It can make it harder to rent or buy a house and get a job, among other tasks. Even if you get the approval for a loan, a poor credit score can make it more pricey.   Some lenders will report delinquencies if you are late paying a bill. Duri...