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YouHodler introduces “Extreme Loans” and first platform ever with BTC loans

Biraajmaan Tamuly

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YouHodler introduces “Extreme Loans” and first platform ever with BTC loans
SourcE: YouHodler

FinTech platform YouHodler has been busy in October finding new ways for traders to get full control over their crypto. For those that want low-risk, passive income, then YouHodler has features like high-yield savings accounts and the ability to receive crypto loans in safe stablecoins like USDT and USDC. But for those that have a little more bravery, then they will enjoy the platform’s new “Extreme” line of features.

These high-risk, high reward loan plans help traders earn more value for their crypto with the goal to multiply assets on the market. Also in line with these trader-focused features is the industry’s first-ever altcoin-backed BTC loan, now available on YouHodler.

New Extreme Turbo and Extreme loan plans: Feel alive again

While some people are perfectly happy with the current loan plans offered on YouHodler, there is a certain percentage of extremely active traders that want the chance to do more. These free spirits like taking risks and many times, they benefit from that fearless behavior.

So for those users, we are happy to announce a new line of extreme features. Extreme Loans and Extreme Turbo Loans will include the following:

“Extreme” Turbocharge

To get “Extreme” visit the Turbocharge form.

Full list of “Extreme” terms:

  1. Loan to value [LTV] – 95%
  2. Loan term – 30 days
  3. Price down limit [PDL] – 5%
  4. Loan interest [APR] – 5% [will be reduced by 0,1% for each next loan in the chain]
  5. Default Set Close Price (Take Profit) +200% [can be changed in +10% – +200% range]

Please, be advised that in case if the PDL Level will be reached, all collateral will be sold

How to price down limit works.

To understand the general mechanics of a Turbocharge loan please explore this article and view the screenshot below.

“Extreme” Classic Loan

A loan with the highest 95% LTV can be requested in the get loan section.

  1. Loan to value [LTV] – 95%
  2. Loan term – 30 days
  3. Price down limit [PDL] – 5%
  4. Loan interest [APR] – 5% [will be reduced by 0,1% for each next loan in the chain]
  5. Default Set Close Price [Take Profit] – +200% [can be changed in +10% – +200% range]

Customer will keep all the borrowed funds without any repayments or fees.

Options close now, extend PDL, increase LTV and re-open will be disabled for Extreme Turbocharge and Extreme Classic Loan.

The first platform to offer altcoin-backed BTC loans

YouHodler is the first platform to offer instant BTC loans backed by altcoins. Bitcoin lending is for the active holders that want to get additional BTC in their portfolio and benefit from its growth without having to sell any altcoins. Altcoins are not so stable anymore but that’s no reason to sell them. Hedge your altcoins on YouHodler with a BTC loan and benefit from the growth of Bitcoin. Meanwhile, simultaneously benefit from altcoin growth during a bullish market or lessen the damage of altcoin price reduction with the increase of your BTC holdings.

YouHodler’s interest rates [between 5-7%] are often smaller than of the Bitcoin market. Hence, users can actually buy BTC at a cheaper rate if the market conditions are favorable.

Be part of history and join us as the first platform to offer a Bitcoin lending service. Strengthen your BTC portfolio today with a BTC loan at the website.

Disclaimer: This a paid post, and should not be treated as news/advice.

Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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