Hey CoinLoaners, be ready to meet a new asset on the platform. We’re listing XLM so that you can earn up to 7.2% APY on your deposits. We’ve added this exciting coin to our offering not just to make the CoinLoan portfolio look more impressive. Stellar Lumens is one of the brightest stars in our sky.
Are you ready to meet the powerful operational rocket of crypto?
What is Stellar
This token is an open-source network for currencies and payments that enables the world’s financial systems to work together on a single network. Currently number 13 in the market capitalization ranking, XLM has a story to tell.
Stellar was founded by programmer Jed McCaleb, who stood at the origins of Ripple Labs along with a number of other developers. He launched an alternative project based on the same protocol, but without Ripple’s critical flaws. The main differences from Ripple were decentralization and focus on helping residents of third world countries, non-profit organizations and small businesses.
How Stellar Works on CoinLoan
- First of all, you can deposit the coin to My Wallet for further operations on the platform.
- In the Interest Account, you can earn 5.2% annually on your XLM deposit. Staking CoinLoan tokens, you can increase the rate to 7.2%.
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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