With the Set Close Price feature ( aka. Take Profit ) you spend less time watching the market and waiting for the price growth.
As soon as the price of your crypto-collateral reaches the Take Profit point, our platform sells part of the collateral to repay the loan and deposits the rest collateral back into your balance.
How to get a loan with Take Profit
You can set the Close Price at the beginning of getting the loan.
On the "Get Loan" form, check the "Set Close Price" checkbox and enter the price of the crypto that will dictate when your loan should close. Set the desired Close Price ( Take Profit level ) and click the Get Loan button.
How to add Take Profit to the active loan
If the Close Price (Take Profit) wasn't set for the loan in advance, you can set it on the Loans page.
Press the Set Close Price button to set the Take Profit for your loan. You can set the price at which your loan will close at and see the expected fiat profit amount.
How to change the Take Profit
To change the existing Take Profit, please visit Loans page.
Next to the loans Take Profit amount, you will see the Edit button
After this button is clicked, the Edit Close Price form will appear.
You will see the "Latest close price", and will be able to set the Take Profit amount lower.
Please be advised:
The platform shows the min/max Take Profit price, available for the loan;
If you set Close Price, it can not be canceled, but can be edited;
The editing Take Profit costs 0.5% service fee.