CoinRabbit Cuts Crypto Lending Rates Across 300+ Assets

CoinRabbit has reduced its crypto lending rates for over 300 assets, including XRP loans. The new rate starts at 11.95%, a significant decrease from the previous APR of up to 17%. This move aims to provide a capital preservation tool that offers liquidity while keeping assets invested.

According to Walter Barrett, Chief Strategy & Growth Officer at CoinRabbit, reducing rates is part of refining the financial model to make lending more efficient for diverse portfolios. He states, 'Reducing rates is part of refining the financial model to make lending more efficient for diverse portfolios.'

CoinRabbit's platform allows users to choose from a range of liquidation LTV options, with standard and conservative risk management approaches available. The standard option has a 80% liquidation LTV, while the conservative approach has a 90-95% liquidation LTV.