We give our users an opportunity to increase their rates by staking CLT.

CLT or CoinLoan Token is our native utility asset applied on the CoinLoan platform. It is based on the Ethereum blockchain. Read more about CLT here.

Staking is the process of locking cryptoassets to receive rewards. On our platform, we ask CoinLoaners to keep CLT, helping to enhance the coin’s value, and offer up to 1% to all Flexible rates as a bonus.

The staking mechanism calculation is fixed. Interest rates in Flexible Accounts increase by 0.05% with every 125 CLT you hold:

The maximum bonus is 1%. Having more than 2,500 CLT won’t affect your Flexible rates anymore.

There is no minimal staking time needed to get bonus rates. Within a day after the deposit, they are accrued to your balance and credited on the first day of the next month.

⠀⠀3. In a new window, enter the deposit amount and press Continue.

⠀⠀4. All done! You will see Deposit Confirmation.

⠀⠀1. Go to Flexible Account and choose CLT Staking.

⠀⠀2. Press the Deposit button.

⠀⠀3. Enter the deposit amount and press Confirm.

⠀⠀4. All done! You will see your deposit confirmation.

⠀⠀3. In a new window, enter the withdrawal amount and press Continue.

⠀⠀4. All done! You will see Withdrawal Confirmation.

⠀⠀3. Enter the withdrawal amount and press Confirm.

⠀⠀4. All done! You will see the Withdrawal confirmation screen.

Note: If you withdraw the whole amount of your CoinLoan Tokens, all your staking rewards will be lost. If you withdraw only part of your CLT amount, the staking reward will lower correspondingly, and so are the interest rates of the assets you hold.

Example:

You hold USDC at maximized rate of 6.2%. After withdrawing all CoinLoan Tokens from your Flexible Account, you will receive 5.2%.