Enable Credit Line for Decentraland token (MANA)

To help investors who own Decentraland token (MANA) optimize capital, from March 01st, ONUS officially enables the Credit Line feature for this asset.

Accordingly, users can create a loan with a limit of up to 30%, disbursed to VNDC based on Decentraland token (MANA) 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.

Notes regarding loan making

  • When the volatile market causes the loan to be greater than or equal to 95% of the total collateral value, the system automatically converts the collateral into VNDC and settles the loan.
  • If you settle smaller assets than the loan, the remaining balance will form a new loan. You only pay daily interest based on this new loan.
  • The system will automatically collect periodic interest on the cycle selected by you. If the available balance is not enough to pay interest on the loan, the system will automatically charge that interest to the customer’s debt.

About Decentraland (MANA)

Decentraland (MANA) is a decentralized virtual reality platform (Decentralized Virtual Reality Platform) developed on the Ethereum Blockchain network. Decentraland allows users to create a token-based economy to own land in virtual reality. Participants can freely create and build anything when they own a piece of land there. MANA is the governance token of Decentraland. MANA holders control how the Decentraland platform works by recommending and voting on policy updates, the specifics of upcoming LAND auctions, and the types of content allowed on the Metaverse.