Introduction to Premier Loans

Premier Loans is a tailored crypto loan service that offers personalized rates and borrowing limits. You can use your long-term crypto holdings as collateral to borrow other digital assets. This allows you to unlock more value from your assets and access funds quickly.

Key Advantages:

Access higher borrowing limits
Benefit from industry-leading rates
Customize terms to match your strategy
Gain instant liquidity with rapid approval

Differences Between Fixed Rate Loans and Premier Loans

	Fixed Rate Loans	Premier Loans
Interest rate	Set by the borrower or supplier and locked in when the loan is confirmed	Set by the borrower and locked in when the loan application is confirmed
Duration	Fixed terms (7, 14, 30, 60, 90, or 180 days)
Borrow limit	Minimum and maximum amounts vary depending on the token type and pool.	Minimum of $300,000 equivalent; the loan amount cannot be changed after the application is submitted.
Collateral	Multi-asset collateral The collateral is shared among all Flexible and Fixed Rate Loan orders.
Loan-to-Value (LTV) Ratio	Initial LTV: 80% Margin Call LTV: 85% Delayed Liquidation: 93% Liquidation LTV: 95% The LTV is calculated under Cross Margin mode by dividing the total loan amount across all loan orders by the total collateral value. Flexible and Fixed Rate Loan orders are combined and calculated as a whole.	Initial LTV: 80% Margin Call LTV: 85% Liquidation LTV: 95% The LTV is calculated under Cross Margin mode by dividing the total loan amount across all loan orders by the total collateral value. Flexible and Fixed Rate Loan orders are combined and calculated as a whole.
Loan repayment	Auto Repayment, Convert to Flexible Rate, and Manual Repayment Early repayment is supported, but interest paid is non-refundable. Loan renewal is also supported.	Auto and Manual Repayment Early repayment is supported, but interest paid is non-refundable. Loan renewal is also supported.

How It Works

1. Application

As a borrower, you need to submit an application with the following information:

Duration: Select from 7, 14, 30, 60, 90, or 180 days.
Borrow amount: Minimum $300,000 equivalent.
Preferred interest rate: A recommended APR is available as a reference.
Contact information: Provide your Telegram, WhatsApp, email, or WeChat contact details (optional).

After submission, your application will be reviewed within 2 working days.

2. Borrowing

Once the application is approved, you can proceed with borrowing. Approval is valid for 24 hours. If you do not borrow within this period, the application will be canceled automatically.

To proceed, add collateral to your loan. The LTV (loan-to-value) ratio will be displayed on the borrowing page for reference.

3. Interest

The interest rate is locked in when your application is approved. Interest is charged upfront, and the borrowed assets, minus the estimated interest, will be credited to your Funding Account.

Interest is calculated as follows:

Borrowing interest = Borrowed amount × Annualized interest rate × Duration ÷ 365

Notes:

— At the time of auto repayment, if you do not have sufficient assets to repay the loan, your collateral will be automatically liquidated to cover the outstanding amount. A liquidation fee of 2% of the loan amount will also be charged.

— If you use collateral to repay the loan, a repayment fee will apply. The fee rate will be the higher of the repayment fee rates for the collateral asset and the borrowed asset.

— For early repayment, prepaid interest is non-refundable.

4. Collateral

You can select eligible assets from your Funding Account to use as collateral. The value of the collateral is first calculated in USD using the index price. This value is then adjusted based on the applicable tiered collateral value ratios to determine the final collateral value.

Calculation formula

USD Value = Collateral Quantity x Index price

Collateral value = (Tier1 amount × Tier1 ratio) + (Tier2 amount × Tier2 ratio) + ... + (TierN amount × TierN ratio)

Notes:

— Each tier amount refers to the portion of the asset's USD value that falls within that tier.

— Each tier ratio is the corresponding collateral value ratio applied to that tier.

Example

If 6,000,000 MYRO is used as collateral and MYRO is priced at $0.06, the collateral value will be calculated as follows:

USD value = 6,000,000 × $0.06 = $360,000

Collateral value = $100,000 × 100% + ($200,000 − $100,000) × 75% + ($300,000 − $200,000) × 50% + ($360,000 − $300,000) × 0% = $225,000

Note: This example is for illustrative purposes only. For details on supported collateral assets and the tiered collateral value ratios, please refer to this page.

5. Liquidation

The Liquidation LTV is the threshold at which your collateral will be automatically liquidated to repay the loan and minimize risk.

If your loan reaches the Liquidation LTV (currently 95%), the liquidation process will be triggered immediately. Any pending loan orders will be canceled first. If the LTV drops to 95% or lower after cancellation, the liquidation will stop. Otherwise, forced repayment will be initiated by selling the collateral to repay the loan. The conversion rate will be based on the index prices of both the collateral and borrowed assets.

In the event of forced repayment, a liquidation fee of 2% of the loan amount will be charged and deducted from the collateral. Any remaining collateral after liquidation will be returned to your Funding Account.

For more information on Premier Loans, refer to the following articles: