OKX champions the principle of "borrow to earn, borrow to spend." It enables users to effortlessly access a wide array of crypto products by staking their existing assets. With OKX Loan, you can enhance your cash flow and subscribe to new cryptocurrencies without exposing your portfolio to price volatility.
What is a Flexible Loan?
A Flexible Loan has no fixed term or preset interest rate. It supports over 120 types of cryptocurrency assets as collateral. Backed by the Earn liquidity pool, the Flexible Loan offers market-based interest rates that update hourly.
Enter your desired loan amount and add collateral to start borrowing.
Review the Flexible Loan service terms before agreeing to proceed.
How Can You Borrow to Earn?
Here are several strategies to leverage the value-added services provided by OKX Loan:
- Lending × Jumpstart
Jumpstart is a platform for OKX users eager to explore promising new cryptocurrency projects. It allows users to receive new cryptocurrencies simply by staking OKB. For traders cautious about price swings, consider subscribing to new products using OKB borrowed from OKX Loan. This low-risk option lets you participate in ICOs while holding onto your current assets.
- Lending × Earn
Earn offers users opportunities to borrow and gain attractive APR through Simple Earn and on-chain earnings. For risk-averse users, we recommend purchasing Earn products using cryptocurrency borrowed via Loan.
Take OpenDAO as an example: suppose the current APR for SOS is 70%. If you borrow 10,000 SOS via Flexible Loan at a 5% interest rate, you could receive 6,500 SOS by the loan term's end (10,000 × 70% - 10,000 × 5% = 6,500). Thus, Loan × Earn allows you to sit back and enjoy high yields without worrying about price fluctuations.
For those looking to diversify their strategies, 👉 explore advanced earning methods that maximize returns.
How Can You Borrow to Spend?
If you need urgent liquidity but prefer not to sell your cryptocurrencies, consider borrowing USDT from Loan and exchanging it for fiat currency.
How Does Multi-Platform Arbitrage Work?
Suppose OKX has a lending rate of 5% while another platform offers a 10% APR. You can borrow cryptocurrency from us to invest in other platforms, capitalizing on interest rate differentials.
How Can You Borrow to Trade?
If you anticipate a significant rise or fall in a particular cryptocurrency, consider borrowing USDT from Loan to buy or sell that crypto on the trading market. Once your target price is reached, simply repay the loan and keep the profit.
Frequently Asked Questions
What is the minimum collateral required for an OKX loan?
The minimum collateral varies by asset but generally aligns with market standards to ensure security and accessibility for all users.
Can I repay my loan early without penalties?
Yes, OKX Flexible Loans allow early repayment without additional fees, giving you full control over your debt management.
How often are interest rates updated?
Interest rates are updated hourly based on real-time market conditions, ensuring you always get competitive rates.
Is there a limit to how much I can borrow?
Borrowing limits depend on your collateral's value and the loan-to-value ratio, which is clearly displayed before you confirm any loan.
What happens if my collateral's value drops?
If your collateral's value decreases significantly, you may need to add more assets to maintain the required ratio or risk partial liquidation.
Are OKX loans available in all regions?
Availability varies by jurisdiction due to local regulations. Always check OKX's official announcements for service updates in your area.