What cryptocurrencies can I borrow on Metal X Lending?
You can borrow the following cryptocurrencies:
What cryptocurrencies can I use as collateral on Metal X Lending?
You can collateralize borrowed tokens with the following cryptocurrencies:
How do I start using Metal X Lending?
Which XPR Network wallet should I use?
While you can use any wallet that supports the XPR Network blockchain, we recommend using the WebAuth.com wallet for the best, most secure experience. You can download the wallet here.
Are there really no gas or transaction fees to use Loan?
Yes, it's true! The XPR Network blockchain charges absolutely no gas, network, or mining fees to "end-users" – transactions on XPR Network are free.
Why would I take out a cryptocurrency loan?
Cryptocurrency loans allow you to access cryptocurrency that you don’t currently own, without having to sell the cryptocurrency that you do already own.
How do I put my crypto to work on Metal X Lending?
XPR Network account holders can now put their crypto to work by adding their tokens into a lending pool, from which you will earn interest when other XPR Network account holders borrow those tokens.
Why are rates variable on Metal X Lending?
Rates for depositors and borrowers are variable on Loan because they are constantly updating every .5 second to take into account the ratio of borrows to deposits, or Utilization Rate. Interest rates for depositors will rise to encourage more deposits if the Utilization Rate increases. Interest rates for borrowers will also increase in this scenario, to help discourage more borrowing until the Utilization Rate reverts to the mean.
Where does interest for lendable deposits accrue on Metal X Lending?
Interest for deposits accrues in real time to your lendable deposit balances on Loan.
Do I need to verify my identity to use Metal X Lending?
Metal X Lending requires that you verify your identity in order to safeguard the integrity of the platform and reduce the risk of fraud, money laundering, terrorist financing, and the violation of sanctions. As such you will need to verify your identity, to use the platform.
How long are the loan terms on Metal X Lending?
Loans are perpetual and as long as your loan heath stays above 0%, you will not be liquidated.
What happens when my loan health reaches 0%?
When your loan health reaches 0%, your Loan is considered to be insolvent and is at risk of liquidation. Read more on liquidations here.
What does Total Borrows refer to?
Total Borrows keep track of how much in loans you have taken out.
What features are coming next for Metal X Lending?
We are constantly working to improve the LOAN protocol, offer new features, and diversify the supported tokens and interest options on our platform. You can submit your suggestions by contacting us using the following form and reaching
Where can I trade LOAN?
You can find our full list of available exchanges that trade LOAN here.