1inch Network

<p><em>The Cryptodraft and Stableloan features enable 1inch Card holders to make the most of their assets.</em></p><p>The <u><a href="https://1inch.io/card/" rel="noopener noreferrer nofollow">1inch Card</a></u> powered by Crypto Life has been initially designed to improve interaction with cryptocurrency for users in their daily life. However, the 1inch Card offers much more than just a more convenient way to spend crypto, as it enables users to quickly borrow against crypto assets with 0% APR, potentially save on taxes and access additional benefits.</p><p>These advantages are available thanks to the Cryptodraft and Stableloan features. Both of them facilitate borrowing against crypto, with Cryptodraft offering flexibility and Stableloans providing fixed terms.</p><h2 id="header-0">Cryptodraft: flexible access to extra funds</h2><p>Cryptodraft is tailored for users who value flexibility. It offers users a convenient way to access additional funds without having to sell their assets. Users can deposit BTC or ETH and borrow up to 60% of their collateral’s value. The first 10% LTV of this borrowed amount is interest-free, while the remaining 50% is subject to a 1% monthly percentage rate (MPR).</p><h3 id="key-features">Key features:</h3><ul><li>Interest-free threshold: users can keep their loan to value (LTV) below 10% and enjoy cost-effective spending.</li><li>Flexible repayment: partial or full repayments are possible, based on users&#39; financial situations.</li><li>High borrowing limit: up to 60% of the collateral value can be borrowed, providing significant spending power.</li><li>Adaptable terms: the absence of a fixed borrowing period allows users to extend their Cryptodraft as needed.</li></ul><h2 id="header-1">Stableloans: fixed-term borrowing</h2><p>Stableoans offer users a straightforward solution for borrowing, allowing them to set the loan amount and period between 6 and 24 months.</p><h3 id="key-features">Key features:</h3><ul><li>Fixed terms: loan periods of 6, 12, 18 or 24 months for better financial planning.</li><li>Transparent pricing: interest rates are displayed upfront, ensuring clarity on borrowing costs.</li><li>Interest-free portion: Users select their desired LTV when applying for the loan, and this choice remains fixed.</li><li>Available crypto assets: users can currently select from USDC, USDT or EURT.</li><li>Multiple active loans: a user with one active Stableloan can take other Stableloans.</li></ul><h2 id="header-2">Smart reasons to use Cryptodraft and Stableloans</h2><p><strong>Preserve your investments</strong></p><p>The ability to access funds without selling cryptocurrency is particularly valuable for those who believe in their crypto assets’ long-term potential. By using crypto as collateral instead of selling it, users maintain their position in the cryptocurrency market, known for its volatility. The 1inch Card provides a buffer against this unpredictability by allowing access to funds without forcing sales during market downturns.</p><p><strong>Achieve tax efficiency</strong></p><p>In many jurisdictions, using crypto as collateral rather than selling it can offer substantial tax advantages. Instant conversion of crypto to fiat to pay for goods or services may be considered a taxable event, subject to capital gains tax.</p><p>However, while using Cryptodraft or Stableloans, a user doesn’t sell their crypto, and payments with borrowed coins are therefore not taxable.</p><p>Whether seeking flexible borrowing through Cryptodraft or a more structured approach with Stableloans, the 1inch Card offers innovative solutions for putting crypto to work.</p><p><em>Unlock the full potential of your crypto assets for everyday use with the <u><a href="https://1inch.io/card/" rel="noopener noreferrer nofollow">1inch Card</a></u>.</em></p>

How to save with the 1inch Card: Cryptodraft and Stableloans

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1inch Network

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