Trtt Loans, Peer to Peer lendings

Loan terms are:

  • Terms: 1 day to two years.
  • APR: 1–100 %.
  • Loan amount: Minimum is 50 Eur.
  • Currencies for the Loan: BTC, ETH, USDT, PAX.
  • Collateral currencies allowed: BTC, Additional coins will be available soon.
  • Collateral %: Minimum is 75% of the loan value.
  • Fees: 360 days — 1%, 361–720 days — 2%, 721–1080 days — 3%.
  • Service fees if paid using Trittium's native currency: 20% discount.
  • Loan To Value Ratio (LTV): LTV Ratio is a calculation used to assess the risk of a loan. A loan with a higher LTV ratio is generally seen as a higher risk and a loan with a lower LTV ratio as lower risk.

LTV and collateral guarantees:

  • 100 USD Loan, for a 1-year term and with an APR 10%.
    If we choose a low LTV = Low risk. (Minimum is 5%), we get this:
    Collateral amount to send to receive the loan: 0.234 BTC, that’s around 2,180 Eur.
  • We will now place the maximum LTV possible of 75% (High Risk).
    This is what we get:

Fees Payments

  • Add it to the collateral.
  • Pay in tritium from your trtt wallet balance.
  • Deducting it from the loan.

The trttNodes platform as Guarantee

--

--

--

Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

7 Thoughts On Crypto After Three Years Down The Rabbit Hole

Crypto Ecosystem Portfolio. Returns (June/July)

Deep dive into Octopus Network (OCT), the core value Near Protocol pursues.

EPNS x CryptoManga: Decentralized Communication for Decentralized Gaming

Bitcoin 2020 & Beyond — Conference Call July 7th, 1pm-2pm EST

What are smart contracts, and how do they work?

How to Buy Squawk Coin ($SQUAWK) — Beginner’s Guide

How to Buy Squawk Coin ($SQUAWK)

How to Sell an NFT

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Trittium.cc

Trittium.cc

Tritium is a revolutionary intermediary platform that allows for fast and easy peer-to-peer loans backed by crypto collateral.

More from Medium

SpaceFarmer #7 Monica X FlameDeFi !

The Columbus Wallet Lets Users Access A Variety Of DeFi Services

Introduction to EtherScore

MyLottery’s point of view