Borrow Cronos USD ($CUSD) with your Crypto
The premier overcollateralized lending platform on Cronos
110% Collateral Ratio
Bank of Cronos Loans are an efficient liquidation mechanism allows users to get the most liquidity for their Cronos Assets (CRO, BTC, ETH).
FAQ
What is a Bank of Cronos Loan?
Asteroid is a overcollateralized borrowing protocol that allows you to draw loans against Cronos tokens used as collateral. Loans are paid out in Cronos USD ($CUSD) pegged stablecoin, and loans need to maintain a minimum collateral ratio of only 110%.
In addition to the collateral, the loans are secured by a Stability Pool and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms under Liquidations
How can I use $CUSD?
App launching Q1 2022
What are the key benefits of BOC Loans?
Asteroid offers the best borrowing conditions on the market with the main benefits being:
- Overcollateralized loans which are liquidated one collateral falls below minimum collateral to loan ratio
- Directly redeemable – Stablecoin will be redeemed at face value for the underlying collateral, always and at any time
- Decentralized and Censorship resistant