Figure Markets and GXD Labs Respond to Ionic Digital’s Recent FAQs (Read Here)

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General

How do crypto-backed loans work?

General

What can I use crypto-backed loans for?

Loan Processing & Servicing

Who is the crypto-backed loan available to?

Loan Processing & Servicing

What terms are available?

Loan Processing & Servicing

What are the fees?

Loan Processing & Servicing

Are monthly payments required?

Loan Processing & Servicing

How are loan rates set?

Loan Processing & Servicing

What is loan-to-value ratio (LTV)?

Loan Processing & Servicing

How is the required crypto collateral amount determined?

Loan Processing & Servicing

How do you take possession of my crypto?

Loan Processing & Servicing

How do I receive my funds?

Loan Processing & Servicing

Do you rehypothecate my crypto?

Loan Processing & Servicing

What if I want funds in USDC or another stable coin?

Loan Processing & Servicing

What payment options exist?

Loan Processing & Servicing

What happens when I repay my loan?

Loan Processing & Servicing

Can I prepay my loan to take possession of my crypto?

Loan Processing & Servicing

What price do you sell crypto at in the event of a forced liquidation? Are there fees in doing this?

Loan Processing & Servicing

Does borrowing impact my credit score?

Loan Processing & Servicing

What will I be required to provide as part of the KYC/AML procedures?

Loan Processing & Servicing

Where do I see my loan balance? How do I make payments?

Loan Processing & Servicing

Who is the servicer?

Margin Call Mechanics

What if my crypto goes up in value?

Margin Call Mechanics

What happens if the price of collateral drops and my LTV rises?

Margin Call Mechanics

What are margin calls?

Margin Call Mechanics

How am I notified of a margin call?

Margin Call Mechanics

How can I monitor my LTV to avoid a margin call?

Margin Call Mechanics

How is cure amount determined in the event of a margin call?

Margin Call Mechanics

How can I deposit collateral to top up or cure a margin call?

Margin Call Mechanics

What would cause an automatic liquidation event to occur?

Customer support

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