TL;DR
- A Simple Loan is a dedicated, address-based loan. You can create and manage one without an account or wallet connection.
- Signing in with Internet Identity or a supported wallet is optional. It lets you sync loans from the current browser to your profile, reuse saved addresses, and use an activated profile email for notifications.
- Save the six-character Loan ID and receipt. They contain the loan details you need if browser data disappears or the website is unavailable.
- Check the asset, network, rate, liquidity, LTV, and addresses shown in the live app before sending funds. Those values can change.
- Partial repayment or more collateral can lower LTV. Liquidium returns collateral to the refund address after the full debt is repaid and processed.
Simple Loans remove the wallet-connection step from borrowing. You still need to verify the addresses, asset route, live terms, and Loan ID.
This FAQ answers the operational questions that come up before and after funding. Use the Simple Loan documentation for the full walkthrough and the Simple Bitcoin Loans guide for a longer Bitcoin example.
What is a Liquidium Simple Loan?
A Simple Loan is one dedicated loan with its own six-character Loan ID, supply address, repay address, refund address, destination address, terms, and transaction history.
You choose the assets and amount, enter the two addresses that belong to you, generate the loan, and send collateral to the supply address Liquidium creates. The borrowed asset goes to your destination address after the collateral confirms and the loan opens.
Simple differs from Advanced, which requires sign-in and manages supplied balances, debt, repayments, and withdrawals through one portfolio. Advanced positions do not use Simple Loan IDs.
Do I need an account or wallet connection?
No. You can create, fund, find, and manage a Simple Loan without connecting a wallet or creating an account. Send collateral from any compatible wallet or account that can use the asset, network, and address shown in the loan.
You may sign in with Internet Identity or a supported wallet. The loan remains address-based; the profile gives you synced loan access and saved profile features.
Where are signed-out loans saved?
Liquidium stores recent signed-out Simple Loans in the current browser and labels them Saved on this device only. Clearing browser data or changing devices can remove that local history.
If you sign in later from the browser that holds the loans, you can sync them to your profile. A signed-in profile can then make those synced loans available on another device. Keep the Loan ID and receipt even after signing in; they are independent recovery references.
How do Simple Loan notifications work?
Signed-out users enable email notifications separately for each loan by entering an email address on that loan.
If you are signed in and have activated an email on your profile, Liquidium uses it for Simple Loan notifications. You can review or change the email on an individual loan. Check the loan in the app during volatile markets even when notifications are active.
What are the refund, destination, supply, and repay addresses?
Two addresses come from you:
- The refund address receives collateral after full repayment or after Liquidium processes a failed loan opening. It must accept the collateral asset on the collateral network.
- The destination address receives the borrowed asset after the loan opens. It must accept that asset on the borrow network.
Liquidium generates two loan-specific addresses:
- The supply address receives the collateral that opens the loan. You can also send more of the same collateral asset there later.
- The repay address receives the borrowed asset for a partial or full repayment.
Signed-in users can save compatible refund and destination addresses and reuse them across Simple and Advanced.
Can I change the refund or destination address later?
No. Check both addresses, their networks, and their formats before generating the loan. The app may require a Bitcoin address, EVM address, ICP principal, ICRC-1 account, or AccountIdentifier depending on the selected route.
Do not assume that an address for one representation of an asset also works for another. Native USDC on Ethereum and ckUSDC on ICP are different routes.
What should I save before funding?
Save the receipt and six-character Loan ID before you send collateral. The receipt records the supply address, repay address, refund address, destination address, and loan terms.
The Loan ID lets you reopen the loan in the app. You can also search with a related address or transaction ID while the app is available. The receipt gives you the core information without relying on browser storage.
Which assets can I use?
Use the live Simple token picker as the source of truth. Supported assets and routes can change.
With ICP assets switched off, the picker shows supported native-network routes such as BTC on Bitcoin, ETH and stablecoins on Ethereum, plus ICP where available. Switching ICP assets on changes supported assets such as BTC, ETH, USDC, and USDT to their ckAsset versions on ICP: ckBTC, ckETH, ckUSDC, and ckUSDT.
ICP itself remains an ICP asset. The app does not currently offer a native ICP wallet connection. Simple Loans do not need one because you use the compatible address flow shown for the selected asset.
Optional sign-in still uses Internet Identity or a supported wallet.
Read ICP assets and Oisy before sending an ICP asset or ckAsset.
Are the rates and available amounts fixed?
No. The borrow APY is variable, and the amount you can borrow depends on available pool liquidity, the collateral value, live LTV limits, market caps, fees, and other route settings.
Screenshots and examples show the interface layout. Review the rate, required collateral, LTV, network fees, and available amount in the live form when you generate the loan. Check the loan again while debt remains active because interest accrues over time.
How does LTV work, and when can liquidation happen?
Loan-to-value, or LTV, compares debt value with collateral value:
LTV = debt value / collateral value
A falling collateral price or growing debt pushes LTV higher. A higher LTV leaves less room before the liquidation threshold shown by the app. If the loan reaches that threshold, the protocol can sell some or all collateral to repay debt under the applicable liquidation rules.
You can lower LTV by adding collateral or repaying debt. Neither action protects the loan until the transaction confirms and Liquidium processes it. Leave enough room for price movement and processing time instead of treating the displayed threshold as a target.
How long does a loan take to open?
The collateral transaction must confirm on its network, then Liquidium must detect and process it. The current native BTC funding flow uses four Bitcoin confirmations. Four blocks often take around 40 minutes at Bitcoin's average block interval. Actual block times vary, and protocol processing adds more time. Other assets and routes use different confirmation requirements.
Follow the loan status shown in the app. A time estimate is not a deadline or guarantee, and the borrowed asset has not arrived until the destination transaction completes.
Why is my loan still awaiting deposit or not active?
The app may still be waiting for confirmations or protocol processing. A loan can also remain pending if the deposit is too small or if price movement pushes the opening LTV outside the range you accepted.
Read the current loan state before sending more collateral. If the app asks for an additional amount, use that loan's supply address. If the loan cannot open, Liquidium processes a return to the refund address. Refund timing depends on the failed-opening flow and the relevant networks, so do not assume an instant return.
Can I add collateral or repay part of the loan?
Yes. Send more of the collateral asset to the loan's supply address to add collateral. Send the borrowed asset to the repay address to repay debt.
A partial repayment lowers debt and LTV after it confirms and processes. It does not release collateral. Adding collateral can also lower LTV. The added funds become part of the locked collateral position.
For a full repayment, check the current amount due before sending. Interest accrues while the loan remains active, so the original borrowed amount may no longer clear the debt.
Is there a fixed repayment date?
No. Simple Loans do not use monthly payment dates or a fixed maturity date. Interest continues to accrue, and the loan must stay below its liquidation threshold until you repay it in full.
No fixed due date means the debt can remain open while healthy. It does not remove rate or liquidation risk.
When is my collateral returned?
Liquidium processes the collateral return to the refund address after the full debt is repaid. Partial repayment does not release a matching share of collateral.
Wait for the repayment and collateral-return transactions to process before treating the loan as closed. The Closed loan view records the returned collateral and transaction history.
Can I repay if the Liquidium website is unavailable?
You can send the borrowed asset to the repay address from the saved receipt. The same network and asset rules still apply.
Website downtime makes it harder to check the live amount due, transaction state, and accrued interest. A partial payment can reduce debt. The full repayment must process before Liquidium returns the collateral. If you cannot confirm the current full amount, avoid assuming that the original principal will close the loan.
What if I send the wrong asset, use the wrong network, or use the wrong address?
Stop sending funds and contact support through the button in the Liquidium app. Include the transaction hash, asset, network, amount, destination address, and Loan ID.
Recovery is not guaranteed. Check every transfer against the saved receipt and the live loan view. Never reuse an address from another loan without verifying what it is for.
How does Liquidium handle native cross-chain assets?
Liquidium uses Internet Computer canisters, Chain Fusion, and threshold signing to interact with supported native networks. No single node holds the full signing key used by the canister.
That architecture does not remove protocol, oracle, network, liquidity, market, or user-error risk. Read the technical documentation and the Chain Fusion security overview if you want the deeper design details.
Before you generate a loan
Check the four addresses, selected asset representations, networks, APY, liquidity, LTV, fees, and liquidation threshold. Save the Loan ID and receipt before funding. Then follow the live status until the loan opens or the refund completes.
Open Liquidium and select Simple when you are ready to review the current terms.
This article is for educational purposes only and is not financial, legal, or tax advice.
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