Simple Loan

A Simple Loan is the fastest way to borrow on Liquidium. Choose what to borrow, review the required collateral, enter where the funds should go, and fund the loan on-chain. No account or wallet connection is required.

You can optionally sign in with Internet Identity or a supported wallet to save your Simple Loans to your profile, reuse saved addresses across Simple and Advanced, and manage loan notifications.

Open the Liquidium app and select Simple.

Create a Simple Loan

1. Under Borrow, enter the amount you want to receive and select the borrow asset.
2. Under Collateral, select the asset you want to deposit and review the required amount, APY impact, and LTV.
3. Review the network fees, then click Borrow.

Simple Loans work with air-gapped wallets, hardware wallets, exchange accounts, and other setups that can send the collateral asset and receive the borrowed asset. Use refund and destination addresses you control or can reliably access.

Sign in or continue without an account

Signing in is optional. If you choose to sign in, use Internet Identity or a supported wallet. If you want to remain accountless, close the sign-in prompt and continue creating the Simple Loan.

While signed out, the app keeps recent Simple Loans in the current browser. If you sign in later, loans stored in that browser can be synced to your profile. Keep your Loan ID and receipt as reliable backups.

Set your addresses

Enter the addresses Liquidium should use for returned collateral and borrowed funds. Signed-in users can save addresses and reuse them across Simple and Advanced.

• Refund address — on the collateral chain. Your collateral is returned here after the loan is fully repaid or if the deposit fails to open a loan.
• Destination address — on the borrow chain. Your borrowed funds are sent here after the collateral deposit is received and the loan opens.
• Save — add an entered address to your profile address book.
• Addresses — choose a compatible saved address.

Double-check both addresses before generating the loan. They cannot be changed afterward, and funds sent to a wrong address may not be recoverable.

For ICP destinations, use the address format shown in the app. Depending on the selected asset and action, the app may request a principal, ICRC-1 account, or AccountIdentifier.

Native ETH address requirement: If native ETH is the collateral or borrowed asset, the corresponding refund or destination must be a standard Ethereum wallet address. Smart contract wallet addresses are not supported.

Open Advanced settings if you need to adjust the available loan-delivery or LTV settings. Confirm that you are responsible for the validity of the addresses, then click Generate loan.

Generate and fund the loan

After clicking Generate loan, Liquidium creates the loan and shows its funding details.

• Loan ID — the unique six-character code for the loan. Copy it and save the receipt.
• Supply address — send the collateral asset here to open the loan or add collateral later.
• Repay address — send the borrowed asset here to make a partial or full repayment.

To open the loan, click Continue and send the collateral asset to the displayed supply address. After the deposit confirms and the loan opens, the borrowed asset is sent automatically to the destination address you entered.

The default maximum LTV slippage is 5%. If the LTV is above the accepted maximum when the deposit is registered, the loan will not start until more collateral is received. If the loan cannot open, the collateral is refunded after the failed opening process. Check the current timing and settings shown in the app before funding.

The app adds the Loan ID to the page URL. Save the receipt, bookmark or copy the URL, or use the Simple Portfolio to reopen the loan later.

Manage your loan

Select Simple, then open Portfolio to see the Simple Loans stored in the current browser or synced to your signed-in profile. When active positions exist, the Portfolio can show total collateral, total borrowed value, and blended LTV across those loans.

Loans are grouped by status, including Active, Awaiting deposit, and Closed.

Find your loan

Use the Portfolio search or open Find a loan. Simple Loans can be found using:

• Loan ID — enter the six-character ID created with the loan.
• Address or transaction — search using a refund, destination, supply, or repay address, or a related deposit, borrow, or repayment transaction ID.
• Saved address — signed-in users can choose a compatible address from their address book.

Advanced positions do not use Simple Loan IDs. Select Advanced and use the Advanced Portfolio to manage those positions.

Add collateral

Open an active loan and choose Deposit more, or send more of the collateral asset to its supply address. Adding collateral lowers the loan's LTV after the deposit confirms.

Repay your loan

Open an active loan and choose Repay loan, or send the borrowed asset to its repay address.

• The repayment view shows the current amount required to repay the loan fully.
• Partial repayments lower the debt and LTV but do not release collateral.
• Collateral is returned to the refund address only after the full debt is repaid.

Interest accrues continuously, so the amount required for full repayment grows over time. Check the latest amount immediately before sending a repayment.

Loan notifications

You can enable email notifications without signing in by entering an email address for each Simple Loan. If you are signed in and have added an email address to your profile, that email is used automatically for Simple Loan notifications. You can review or change the notification email from the individual loan.

Closed and repaid loans

After full repayment, the loan moves to Closed. The loan details show the returned collateral and transaction history.

Removing a loan from recent history does not delete or close the loan. You can still find it using its Loan ID or a related address.

Liquidations

Simple Loans are over-collateralized and can be liquidated if they become too risky.

• Each collateral asset has a liquidation threshold. If the LTV reaches it, collateral may be sold to repay the debt.
• Up to 50% of the collateral is sold first to restore a safer LTV. In extreme cases, the full collateral can be sold.
• Lower the LTV by repaying debt or adding more collateral.

Loan states

While creating or managing a loan, you may see:

• Awaiting deposit — no collateral has been received yet.
• Deposit detected — the deposit has been seen and the loan is waiting for the required confirmations.
• Deposit too small — the received collateral does not support the minimum borrow amount. Send more collateral if instructed.
• Active — the loan is open and accruing interest.
• Repaid — the debt is cleared and the collateral has been returned.