Last updated
Last updated
Mopa Finance is a platform that allows users to borrow by using their cryptocurrency assets as collateral. The process starts with users depositing their cryptocurrencies into the platform as collateral. Users can borrow up to 90% of the value of their deposited assets and repay the debt in the same cryptocurrency. This process enables investors to meet their cash needs without liquidating their crypto assets while also protecting their investments.
System Steps:
Cryptocurrency Deposit: The user deposits their cryptocurrency into the Mopa platform. The deposited crypto assets are used as collateral.
Debt Application: The user can apply for debt up to 90% of the value of their deposited cryptocurrency. The value of the debt is calculated based on the current value of the deposited crypto assets.
Debt Disbursement: The debt is provided based on the specified terms and interest rates. The user can use the debt immediately.
Repayment: The user repays the debt in the same cryptocurrency, along with interest, over the loan term.
Investment Protection: Once the user completes the repayment, they regain full ownership of their crypto assets. If the value of the cryptocurrencies they invested in increases, they can potentially earn additional profits. If the value decreases, the fixed debt amount minimizes their loss.
Process Table
User Deposits Cryptocurrency
User deposits their cryptocurrency into the Mopa Finance platform.
Collateral Value is Calculated
The value of the deposited assets is calculated to determine the available collateral.
Debt is Granted (Up to 90%)
A debt is provided based on up to 90% of the collateral value.
Repayment is Made
User repays the debt in the same cryptocurrency, along with interest.
Investor Regains Assets
Upon full repayment, the user regains full control of their assets.