How do crypto-backed loans work?

The crypto-backed loan allows you to put up crypto as collateral to access cash, while continuing to HODL. You can borrow up to 55% of the value of your crypto at a fixed interest rate of 15%, and your collateral is held by our qualified custodian and will never be rehypothecated. You can make monthly interest-only payments over the course of your 12-month term, or opt to defer interest for a fee. Your remaining balance and any deferred interest is due in full at maturity. Once your loan is paid, any excess collateral and/or fiat will be returned to you.