Borrowing on Peridot
Borrow against your crypto. Don’t sell it.
Selling ends your position and, in most places, triggers a tax event. Borrowing against it does neither — you get the money you need, and you still hold the asset.
The numbers
| You put up | You can borrow | It still earns |
|---|---|---|
| 1,000 USDCDollars | up to 900 in value | — |
| 1,000 EURCEuros | up to 900 in value | — |
| 1,000 XLMStellar Lumens | up to 700 in value | — |
Borrowing limits are fixed by the contracts. Rates are read live and change with demand — the figure you see here is the figure the app is paying right now.
How it works
Put up what you already hold
Dollars, euros or Lumens go into your account as collateral. They stay yours — Peridot never takes custody, and you can withdraw whatever is not backing a loan.
Borrow against it
Take out up to 90% of its value. There is no application, no credit check and no repayment schedule: you repay when it suits you.
Your collateral keeps working
Unlike selling, the holding stays yours and keeps earning while it backs the loan. If the price rises, that gain is still yours.
What you are taking on
Your collateral can be sold to cover the loan. If its value falls far enough that the loan is no longer sufficiently backed, part of it is sold automatically to repay the debt. That is the trade you are making in exchange for not having to sell today.
Borrow well below your limit and the price has to move a long way before that happens. Peridot shows you how much room you have left at all times, and warns you before the point of no return — by notification, whether or not the tab is open.
Interest accrues on what you borrow and is set by demand, not by us. Peridot is not a bank and does not give financial advice; you are responsible for your own position.
See it against your own balance
Connect a wallet or sign in with an e-mail address and the numbers above become your numbers.
See what you can borrow