The Credit Marketplace allows lenders worldwide to reach the most attractive lending opportunities, no matter where they are. With predictable and competitive interest rates and multiple loan types and currencies to choose from, lending is now one of the smartest use cases for cryptocurrencies.
With support for both DeFi and CeFi loans, the Credit Marketplace enables lenders to access multiple lending alternatives without leaving the platform.
Thanks to a P2P lending system, the Credit Marketplace’s lenders can enjoy fixed interest rates without spreads between lending and borrowing APRs.
The Credit Marketplace allows lenders to fund loans in a variety of lending and borrowing currencies.
To provide its lenders with the highest transparency standards, the RCN Credit Marketplace provides a wealth of data for each of its loans.
The Borrowing Currency is the currency in which the loan and its interests are denominated.
The Lend Amount is the amount the lender has to deposit in order to fund the loan, denominated in the Borrowing Currency. This amount can also be seen expressed in the chosen Lending Currency on the Loan Lending dialog.
The Receive Amount is the amount of capital plus interest the lender will receive for funding the loan, denominated in the Borrowing Currency. A possible value for this amount can also be seen expressed in the chosen Lending Currency on the Loan Lending dialog.
The Annual Rate is the annualized interest rate paid by the borrower and earned by the lender for funding the loan (without taking compound interest into account).
The Penalty Rate is the interest rate that replaces the Annual Rate in CeFi loans once the Due Date has passed and the loan’s status has changed to Overdue. This rate is applied to both the principal and the interest accrued until that moment.
The Duration indicates the amount of time the borrower has in order to repay the loan before its status changes to Overdue, and the Penalty Rate replaces the Annual Rate.
The Collateral Amount is the amount of funds currently collateralized in a DeFi loan.
The Collateral Ratio is the proportion between the value of the collateral and the value of the borrowed funds in a DeFi loan.
The Liquidation Exchange Rate is the exchange rate at which the Collateral Ratio will reach the Liquidation Ratio in a DeFi loan.
The Liquidation Ratio is the value of the Collateral Ratio at which the collateral will get partially or fully liquidated in a DeFi loan.
The Safety Ratio is the value the Collateral Ratio will reach after a collateral liquidation in a DeFi loan.
The Current Exchange Rate is the current price ratio between the Collateralization Currency and the Borrowing Currency in a DeFi loan.
The Instalments Schedule indicates the number, date and amount of the payments in which the Receive Amount will be repaid. Each of these payments represents another due date in the loan’s repayment schedule.
The borrower’s address is a unique identification of his or her Ethereum wallet.
The Oracle, represented by its Ethereum address, supplies the exchange rate used to calculate the equivalence between amounts denominated in the Borrowing and Lending Currencies.
RCN blockchain-based lending eliminates unnecessary friction, allowing lenders to start funding loans in three easy steps.
Access theCredit Marketplace
Use the tools to browse through the available loans and pick the perfect one for you.
Select your Lending Currency, verify the Amount and confirm the transaction. That’s it!