We offer 50 to 60 percent LTV against XRP. On a $12 million position that is $6 million borrowed. If price drops to the margin call threshold you get seven days to respond, not an instant liquidation like DeFi protocols. Tripartite agreements with lenders add protections you do not get on-chain.
Interest rates run 10 to 15 percent. As XRP appreciates and risk becomes easier to underwrite, expect higher LTV and lower rates.
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