Post
Topic
Board Lending
Topic OP
[CLOSED] Tomatocage's 1% interest loans, up to 20 BTC (collateral required)
by
Tomatocage
on 05/09/2013, 21:04:32 UTC
Lending currently on hold. I'll update when I resume loans. Thanks!

I have up to 20 BTC to loan at 1%!!!

No questions asked, and brand new users welcomed, even if you just registered today.

Terms
  • You must supply collateral before receiving a loan
  • Collateral must be in the form of LTC, XPM, PPC, or mcxFEE shares (mcxNOW.com)
  • The amount of collateral will be 15% more than you're borrowing (ie. in order to borrow 10 BTC, you must supply 12 BTC worth of Litecoins at current market value). Likewise for mcxFEE shares.
  • All loans are for a period of one week, unless agreed upon otherwise
  • All collateral transfers must be from an address that YOU control


Example Request
Amount requested: 1 BTC
Purpose: I don't care (No questions asked, etc)
Term: 1 week
Trusted?: I don't care. You're supplying collateral.

Reply to this thread if you're interested.

Edit: 10/18/2013: I need to scale back the loan pool to 20 BTC due to the diminishing LTC/BTC exchange rate.
Edit: Patch notes 02/01/2014
  • Lending resumed
  • Interest changed from 0% to 1%
  • Added PPC to list of acceptable forms of collateral
  • Tx fees on collateral return are now free
  • Collateral amount reduced from 120% to 115% of loan amount