Is there a limit to how much I can borrow with my NEXO tokens?
Yes, there is a limit to how much you can borrow with your NEXO tokens.
The maximum amount of credit you can receive is determined by the value of your NEXO tokens and the loan-to-value (LTV) ratio set by NEXO. The LTV ratio is currently set at 50%, meaning that you can borrow up to 50% of the value of your NEXO tokens. For example, if you have $1,000 worth of NEXO tokens, you can borrow up to $500 in credit.
The amount of credit available to you may also be affected by other factors such as your credit score and repayment history. Additionally, the amount of credit available may change over time as the value of your NEXO tokens fluctuates. NEXO also offers an Overdraft feature which allows users to borrow more than their LTV limit in certain circumstances.
This feature is subject to approval and additional terms and conditions may apply.
