What cryptocurrencies can I borrow on Proton Loan?
You can borrow the following cryptocurrencies:
What cryptocurrencies can I use as collateral on Proton Loan?
You can collateralize borrowed tokens with the following cryptocurrencies:
How do I start using Proton Loan?
Which Proton wallet should I use?
While you can use any wallet that supports the Proton blockchain, we recommend using the WebAuth.com wallet for the best experience. You can download the wallet here.
Are there really no gas or transaction fees to use Proton Loan?
Yes, it's true! The Proton blockchain charges absolutely no gas, network, or mining fees to "end-users" – transactions on Proton are free.
Why would I take out a cryptocurrency loan?
Cryptocurrency loans allow you to access cryptocurrency that you don’t currently own, without having to sell the cryptocurrency that you do already own.
How do I put my crypto to work on Proton Loan?
Proton account holders can now put their crypto to work by adding their tokens into a lending pool, from which you will earn interest when other Proton account holders borrow those tokens.
Why are rates variable on Proton Loan?
Rates for depositors and borrowers are variable on Proton Loan because they are constantly updating every .5 second to take into account the ratio of borrows to deposits, or Utilization Rate. Interest rates for depositors will rise to encourage more deposits if the Utilization Rate increases. Interest rates for borrowers will also increase in this scenario, to help discourage more borrowing until the Utilization Rate reverts to the mean.
Where does interest for lendable deposits accrue on Proton Loan?
Interest for deposits accrues in real time to your lendable deposit balances on Proton Loan.
Do I need to verify my identity to use Proton Loan?
Proton Loan requires that you verify your identity in order to safeguard the integrity of the platform and reduce the risk of fraud, money laundering, terrorist financing, and the violation of sanctions. As such you will need to verify your identity, to use the platform.
How long are the loan terms on Proton Loan?
Loans are perpetual and as long as your loan heath stays above 0%, you will not be liquidated.
What happens when my loan health reaches 0%?
When your Loan health reaches 0%, your Loan is considered to be insolvent and is at risk of liquidation. Read more on liquidations here.
What does Total Borrows refer to?
Total Borrows keep track of how much in loans you have taken out.
What features are coming next for Proton Loan?
We are constantly working to improve the Proton Loan protocol, offer new features, and diversify the supported tokens and interest options on our platform. You can submit your suggestions by contacting us using the following form and reaching
Where can I trade LOAN?
You can find our full list of available exchanges that trade LOAN here.