Sign up on the Vixna platform by providing your basic information and verifying your identity.
Deposit your cryptocurrency into a secure collateral wallet. This collateral will be used to secure your loan.
Apply for a loan by specifying the amount you wish to borrow. The initial loan-to-value (LTV) ratio will be set at 70%, which means you will need to deposit collateral worth approximately 142.86% of the loan principal.
Once your Vixna is approved, the loan amount will be credited to your account. You can use this amount as you wish.
Regularly monitor the value of your collateral. If the loan-to-value (LTV) ratio reaches 90%, the collateral will be automatically liquidated to repay the loan.
Repay the loan according to the agreed terms. Once the loan is fully repaid, your collateral will be released back to you.