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💎 DeFi🟢 BullishImportance 6/10
Kraken introduces fixed-rate crypto loans for its Pro users
🤖AI Summary
Kraken has launched Flexline, a new fixed-rate crypto lending product for Pro users. The service allows users to borrow against their digital assets at fixed rates between 10%-25% APR for loan terms extending up to two years.
Key Takeaways
- →Kraken introduces Flexline, a fixed-rate crypto lending product exclusively for Pro users.
- →Users can borrow against their digital assets at fixed interest rates ranging from 10% to 25% APR.
- →Loan terms can extend up to two years, providing longer-term borrowing options.
- →The product competes with other crypto lending platforms in the growing DeFi lending space.
- →Fixed rates provide predictability compared to variable-rate lending products in the crypto market.
Read Original →via CoinTelegraph – DeFi
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