The main point of crypto backed loans is to get cash in the most convenient way without having to sell crypto assets. However, the market is ever-changing and we want our "Hodler's" to benefit whenever they can.
YouHodler's platform analyzes the current market situation and, if the circumstances allow, gives our users the option to get more fiat for their already opened loans, without the need of increasing the collateral amount.
If the loan tariff and market conditions allow, the "Get more cash" button will appear next to the loan in "My loans" section.
After pressing the button, the next step is calculating the new parameters for the loan.
Here, you can choose the fiat amount that you will get in addition.
All of the other parameters will be calculated automatically.
After all the desired parameters are set, please, push the "Get Cash" button.
Congratulations! Your loan is updated and additional funds are deposited to your account.
Attention! Increasing LTV feature is mutually exclusive with Extend PDL.
The feature does not work with the MultiHodl and Turbocharge