Borrow · Fixed rates, secured loans
Borrow without selling.
Two ways to borrow. Lock USDC or USDT and receive SOL in seconds at a fixed APR. Or apply for a stablecoin loan against gold, other assets you can document, or your project, and a person reviews it with you.
Borrowed
5.1282
Collateral
1,000.00
Loan-to-value · settled at 85%
- Warnings at
- 65% · 75%
- Settles at
- 85%
- Fixed APR
- 6.0%
Two ways to borrow
Instant, or reviewed.
Instant
Borrow SOL with stablecoins
You hold dollars and want SOL without spending them. Lock USDC or USDT, borrow up to 50% of it in SOL at a fixed 6.0% APR, and the SOL is in your wallet the same minute. Your collateral does not fall in value, so the only thing to watch is the price of SOL. Repay any time.
| Term | Collateral | Fixed APR | Max LTV |
|---|---|---|---|
| 30 days | USDC / USDT | 6.0% | 50% |
| 90 days | USDC / USDT | 6.0% | 50% |
| 180 days | USDC / USDT | 6.0% | 50% |
Reviewed
Borrow stablecoins against what you own
You need dollars and hold something of value off-chain: gold in a vault, other assets you can document, or a business with a track record. Apply with the documents, and a person at Luindy reviews it, talks it through with you, and sets fixed terms you see before you accept anything. Approved loans are paid from the Luindy pool to your wallet.
| Term | Borrow | Rate |
|---|---|---|
| 90 days | USDC / USDT | Fixed, set on review |
| 180 days | USDC / USDT | Fixed, set on review |
| 365 days | USDC / USDT | Fixed, set on review |
SOL loans · settlement, explained first
The number that matters.
Your loan-to-value is what you owe in SOL divided by your stablecoin collateral. You open at up to 50%. If SOL rises, it climbs. We email you at 65% and again at 75%. If it reaches 85%, we settle the loan: enough collateral to cover what you owe plus a 5% fee is kept, and the rest returns to your wallet in the same transaction.
- Two warnings before anything happens
- Settlement returns whatever collateral is left over
- Repay some or all of the SOL from the app in seconds
- Repay early any time, no fee
Borrowed
5.1282
Collateral
1,000.00
Loan-to-value · settled at 85%
- Warnings at
- 65% · 75%
- Settles at
- 85%
- Fixed APR
- 6.0%
Worked example
Lock 1,000 USDC, borrow 5.13 SOL at $97.50 each. The loan is $500, so LTV is 50%. SOL would have to rise 70% to about $165 before settlement, and you would have been warned at $127 and $146 on the way.
How a SOL loan works
Lock, watch, repay.
- 01
Choose collateral and amount
Pick USDC or USDT and how much to lock. Luindy shows the maximum SOL you can borrow and, more usefully, what a smaller loan does to your buffer. Terms are 30, 90, 180 days.
- 02
Collateral locks, SOL arrives
Your stablecoins move to the Luindy pool and the SOL lands in your wallet in the same minute. A 0.25% origination fee is taken from the collateral.
- 03
Interest accrues daily
At the fixed APR you agreed. Your loan-to-value, the live SOL price and the exact settlement price are always visible on the loan screen.
- 04
Repay, in full or in parts
Any time, no fee. Every repayment lowers your loan-to-value and stops interest on that amount. Repay everything and your collateral is released immediately.
How an asset-backed loan works
Apply, talk, agree.
- 01
Apply with your documents
Tell us what backs the loan, how much you need, for how long, and how you will use it. Upload proof of ownership, valuations, or your project's accounts and plan.
- 02
A person reviews it
We come back to you by email, usually within 2 business days. We may ask for more documents or a short conversation.
- 03
You see the terms, then accept
Principal, fixed rate and term, with interest paid monthly and principal at the end. Nothing is binding until you accept in the app and sign the agreement.
- 04
The loan is paid to your wallet
Once everything is in place, the loan less a 0.25% origination fee is paid from the Luindy pool to your wallet. Repay on the schedule, or early at no cost.
Costs
Four lines. That’s it.
| Origination | 0.25% of the amount borrowed |
|---|---|
| Interest | SOL loans: fixed 6.0% APR, accrues daily. Asset-backed loans: fixed rate set on review, paid monthly |
| Repay early | Free, any time |
| Settlement | 5% of the collateral used, only if a SOL loan reaches 85% loan-to-value |
Borrowing questions
Asked often.
What can I borrow, and against what?
Two ways. Post USDC or USDT as collateral and borrow SOL instantly, up to 50% of the collateral at a fixed 6.0% APR. Or apply for a USDC or USDT loan against assets you can document, such as gold, or against your project or business; our team reviews the application, agrees terms with you, and pays the loan to your wallet.
What is loan-to-value (LTV)?
LTV is the size of your loan divided by the value of your collateral. If you post 1,000 USDC and borrow $500 of SOL, your LTV is 50%, the maximum you can open at. If SOL rises, your LTV rises. We warn you at 65% and 75%, and at 85% the loan is settled from your collateral. LTV only applies to SOL loans; asset-backed loans have a fixed repayment schedule instead.
What happens if SOL rises after I borrow it?
Your loan-to-value rises. We email you at 65% and again at 75% so you can repay some or all of the SOL. If it reaches 85%, we settle the loan: enough of your stablecoin collateral to cover what you owe plus a 5% fee is kept, and the rest is returned to your wallet.
Can I repay early?
Yes, any time, in full or in part, with no penalty. Interest stops accruing on the amount you repay.
Get started
Keep what you own.
Open an account and verify your identity. SOL loans are instant; asset-backed applications are reviewed within two business days.