To help investors who hold SHIB1000 and CELO tokens optimize capital, from February 27th, ONUS officially enables the Credit Line feature for these assets.
Accordingly, users can create a loan with a limit of up to 30%, disbursed to VNDC based on SHIB1000 or CELO value at the time of loan creation.
With 24% APY interest (equivalent 0.066% per day), users can choose to pay interest by day, week, or month. The minimum loan amount is 200,000 VNDC.
More details about the Credit Line feature are here.
About SHIB1000 token
SHIB (SHIB1000 notation convention when transacting on ONUS application) is an electronic currency of the Shiba Inu ecosystem, developed on the ERC20 platform. SHIB is the first token to be listed and used as a reward on ShibaSwap – Shiba Inu’s decentralized exchange. Users are allowed to hold billions or even trillions of these tokens. In addition, Shiba Inu also promotes the strong development of the Ethereum network to create a diverse DeFi ecosystem.
About CELO token
Celo token (CELO) is a utility token in the Celo ecosystem, a decentralized blockchain network that allows anyone with just a single phone to access electronic financial services. It allows users to pay for transactions on the network and participate in governance by voting on issues concerning the platform’s future development.