Instant Loan
Borrow against your assets in one step, no account required
An instant loan is the fastest way to borrow on Liquidium. You pick what to deposit, pick what to borrow, generate the loan, and fund it on-chain. There's no account to create, no wallet to connect.
Create an instant loan
1. Under Supply select the asset you want to deposit as collateral and enter an amount
2, Under Borrow, select the asset you want to receive and enter an amount
3. Click Continue
Set your addresses
Because an instant loan isn't connected to a wallet, you tell us where funds should go.
- Refund address — on the collateral chain. Your collateral is returned here when you repay, or if the deposit fails to open a loan.
- Destination address— on the borrow chain. Your borrowed funds are sent here as soon as the deposit is received.
Double-check both addresses. They cannot be changed after the loan is generated, and funds sent to a wrong address cannot be recovered.
Generate and fund the loan
After clicking Generate you will see the loan details.
- Loan ID — unique code for this loan. Copy it or download the loan details as an image.
- Supply address — send your collateral here to open the loan (or to add more collateral later).
- Repay address — send the borrowed asset here to repay any amount or repay in full unlock your collateral.
To open the loan click Continue, send the collateral asset to the supply address. Once the deposit confirms your borrowed asset will automatically be sent to your specified address.
By default the max LTV slippage is 5%. If the LTV of the loan by the time the deposit is registered is higher than the max LTV the loan wont start until you send more collateral. If it stays under the loan will be refunded within 1 hour. These settings can be changed under Advances settings when creating a loan.
Manage your loan
Open the Manage active loan view to track or manage a loan.
Find your loan
You can find a loan 3 ways.
- Loan ID — enter the 6-character ID you received when you created the loan.
- Address — enter any refund, borrow, deposit, or repay address.
- Transaction — enter any transaction ID from your deposit, borrow, or repay.
Add collateral
To lower your LTV and improve loan health, send more of the collateral asset to the deposit address. Your LTV updates as soon as the deposit is fully confirmed.
Repay your loan
Send the borrowed asset to the repay address to pay down your loan.
- The repay modal shows the total amount due to fully repay.
- Partial repayments are accepted and lower your LTV.
- Your collateral is released automatically only once the full amount is repaid.
Interest accrues continuously, so the total to repay grows over time. Check the latest amount due in the repay modal right before you send.
Liquidations
Instant loans are over-collateralized and can be liquidated if they become too risky.
- Each collateral asset has a liquidation threshold. If your LTV reaches it, your collateral is sold to repay the loan.
- Up to 50% of the collateral is sold first to restore a safe LTV. In extreme cases the full collateral can be sold.
- You can decrease your LTV by repaying or adding more collateral.
Loan states
While managing a loan you may see:
- Awaiting deposit — no collateral received yet. Send the collateral asset to the deposit address.
- Deposit detected — your deposit is seen and the loan will start once it confirms (a confirmation count is shown).
- Deposit too small — the deposit didn't reach the minimum borrow amount. Send a bit more to open the loan.
- Active — the loan is open. You can see collateral, borrowed amount, interest accrued, current LTV, and how close you are to liquidation.
- Repaid — the full debt is cleared and your collateral has been returned.