We have recently added XLM to Coinloan, with up to 7.2% APY on every deposit. Stellar Lumens is one of the brightest stars in the sky right now and has all the chances to become the crypto rocket.
What is Stellar
XLM is an open-source network for currencies and payments that has the potential to unite global financial systems. While being 13th in the market cap ranking, XLM has a story to tell.
Stellar was founded by programmer Jed McCaleb, who stood at the origins of Ripple Labs. After leaving the Ripple team, he launched an alternative project based on the same protocol, aiming to eliminate Ripple’s critical flaws. The main difference between Ripple and Stellar was the decentralization of the latter and a focus on helping residents of third-world countries, non-profit organizations, and small businesses.
How Stellar Works on CoinLoan
- Deposit the coin into My Wallet.
- Choose an interest account option and start earning 5.2% annually on your XLM deposit. By staking CoinLoan tokens, you can increase the rate to 7.2%.You can get an instant loan backed by Stellar at a minimal rate of 4.95%. Your rate depends on the LTV you choose: the lower the LTV, the less you pay for a loan.
You can get an Instant Loan backed by Stellar, with a minimal rate of 4.95%. Your rate depends on the LTV you choose; the lower the LTV, the less you pay for a loan.
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