FAQs

• Which cryptocurrencies can users pledge as collateral?

  You can currently pledge cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).

• What can users borrow as loans?

  You can currently borrow cryptocurrency stablecoins like USDC. More stablecoin loans are also in the pipeline, so stay tuned.

• What is Loan-to-Value (LTV) ratio?

  LTV is the ratio of your loan to the value of your collateral. We use a composite index price to calculate the LTV, which incorporates multiple price data from major exchanges.

• How is interest calculated?

  The interest will be accrued from the day your collateral sits with us.
  Within the duration of the loan period, we will pay out the previous month's interest accured on the first working day of the following month. Once the tenor has ended, we will pay out the last month's interest on the maturity date.

• How long are the loan terms?

  All loans on Pony are up to 12-months in length and will be automatically renewed. You can choose to repay at any time with any amount.v

• Can I close my loan at any time?

  Amendment to the terms can be made by informing us at least 10 working days in advance.

• What are the minimum and maximum loan amounts?

  The minimum loan requirement is 10BTC or 100ETH.

• How does repayment work?

  We pay you the interest on a monthly basis. Upon reaching the maturity date, the original capital will be claimed back from you.

• What happens if my loan repayment is overdue?

  We charge a daily penalty of 0.05% on the overdue loan repayment.

• What happens if my loan is on margin call?

  When the value of the collaterals fall below 20%, the lender has the right to request for a top up of additional collaterals to 25% before you can close your position.

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