There is always a possibility that the market trend will turn for the worse, putting an opened loan in a vulnerable situation.
In order to secure the loan, YouHodler provides the "PDL Extend" feature.
The platform analyzes the current market situation and if the circumstances allow, provide users' with the option to add more cryptocurrency to the collateral to change the price down limit (PDL) of the loan.
If the loan tariff and market conditions allow, the Extend PDL button will appear next to the loan in the users "Loans" section.
Press the Extend PDL button, to see a new loan parameters.
Here, the user can choose the amount of crypto to add to the current loan.
After all the desirable parameters are set, please, push the Extend PDL button.
Please be advised:
- All new loom parameters are calculated automatically;
- Extend PDL feature is mutually exclusive with Increase LTV;
- The Extend PDL feature does not work with the MultiHodl and Turbocharge.