Vixna is a platform that allows users to take loans against their cryptocurrency collateral. We ensure the collateral is securely stored and visible to the customer.
The loan process involves depositing cryptocurrency as collateral, specifying the loan amount and term, and then receiving the loan in fiat currency. The collateral is stored securely and monitored to ensure it meets the loan requirements.
The Loan-to-Value (LTV) ratio is the amount of the loan compared to the value of the collateral. For example, if the LTV is 70%, you need to deposit collateral worth € 1000 to get a loan of € 700.
If the LTV ratio increases to a critical level (e.g., 90%), we will liquidate the collateral to repay the loan and ensure the security of the funds.