Flexible Loan is Now Available on BigONE!

Dear BigONE users

Flexible Loan is a no-term lending product that allows users to borrow and repay at any time. Designed for convenience and flexibility, it enables users to use their existing cryptocurrency holdings as collateral to borrow other assets, boosting liquidity and enhancing capital efficiency.

---> BigONE Flexible Loan Portal <---

Product details:

• Overview:
  You can borrow and repay at any time, with the flexibility to redeem or add collateral as needed. All transaction details can be viewed in your loan history. Currently, the service supports using BTC as collateral to borrow USDT.
• Interest calculation rules:
  The interest will be calculated once the loan is successful, and then once every hour, and the interest will be calculated into the total debt. Hourly interest = (borrowed principal + interest generated) * hourly interest rate
• LTV (Loan-To-Value):
  LTV = Total Debts Value / Collateral Value
  1. Initial LTV: The maximum LTV at the initial loan, calculated based on the initial number of collaterals, the maximum amount you can borrow.
  2. Margin call LTV: When the current LTV is greater than the Margin Call LTV, there may be a risk of forced liquidation, and the platform will send you a notification to remind you to add collateral assets.
  3. Liquidation LTV: When the current LTV reaches the forced liquidation LTV, the platform will sell all your collateral assets to repay the loan and pay the handling fee.
• Repayment rules:
  Current loans support repayment at any time. After repayment, interest will stop accruing. Repayment will be interest first and principal later.
• Fund crediting rules:
  After applying for loan and redeeming principal, the funds will be received immediately. Large amounts of funds may need to wait for review before arrival.
• Liquidation rules:
  When your LTV reaches the liquidation threshold, all collateral assets will be sold to repay the loan. Any remaining balance after debt repayment and liquidation fees will be transferred to your Earn account. In extreme market conditions, if the collateral value drops sharply and the sale proceeds are insufficient to cover the loan, your remaining orders will stay active and continue to accrue interest. In such cases, you’ll need to either add more collateral or repay the outstanding principal.
• Adjusting LTV:
  After borrowing coins, you can add or withdraw the collateral assets at any time to adjust the LTV. If you want to reduce the risk, you can choose to add the collaterals.

Product Features:
The flexible loan product supports borrowing and repayment at any time, has a stable hourly interest rate, and can support large amount borrowing.

Risk Warning:
Investing in digital assets involves significant risk due to market price volatility. Investors are advised to thoroughly understand the products and associated risks before participating. Decisions should be based on individual investment experience, financial status, and risk tolerance. All investment actions are made at the investor's own discretion, and BigONE bears no responsibility for any losses resulting from those decisions.

BigONE, more than just asset security.

Regards,
BigONE Team
14 May 2025