Nexo crypto backed loans

[void]

Does anybody here have any experience with taking loans against crypto assets from Nexo?

 

[JohnnyDoe]

Yes, but today I prefer Wirex private.
Nexo recently rebranded, I don’t know if their products are the same as they used to be a few years ago. I remember however that in order for the conditions to become attractive I had to hold some of their stupid token.

 

[void]

Yes, but today I prefer Wirex private.
Nexo recently rebranded, I don’t know if their products are the same as they used to be a few years ago. I remember however that in order for the conditions to become attractive I had to hold some of their stupid token.

can you share (if not then privately?) what did you use as collateral and how did the process look like technically?

 

[JohnnyDoe]

This is what I used to hold with them. You just lock the collateral for the desired LTV, receive USDC/t and pay interests when you want.
Today at 18.9% the rate (for base tier loyalty level) is too high.