Hold crypto, get leverage in stablecoins
Instant crypto-backed P2P loans
at lowest APR
Cyber security audit by
In partnership with
we will send you a message with the link to complete registration so you may finalize your borrow transaction.
Best ways to utilize leverage in stablecoins
Gain purchasing power
Use your crypto as collateral and raise more liquidity to trade
Buy more underlying collateral asset for borrowed stablecoins to get margin
Even withdraw cash in USD
Redeem USD to your bank account from the custodians of fiat-backed stablecoins
No custodian risk
Nitrogen is built on Ethereum smart contracts which have passed cyber security check and are acting as an escrow service. Thus we don’t have an access to users funds at anytime.
Simple yet secure process
Conclude on loan conditions
& connect via MetaMask or Ledger
Access liquidity in stablecoins on
your Ethereum address
Deposit your collateral to Nitrogen
Repay the loan plus interest and
get your collateral back
What happens if the market value of my collateral asset changes?
If you are a borrower, you should monitor your transactions closely to make sure that the current haircut on your collateral never falls below the critical haircut value.
We have a system of checks and balances in place to help you avoid trade termination called maintenance haircut (analogous to maintenance margin in classical margin financing).
Whenever the value of your collateral falls below maintenance haircut value the system will notify you and will ask to provide additional collateral to raise the current haircut value above the initial haircut value.
What happens if I fail to repay my loan?
In this case smart contract will trigger a default event. Your collateral will be transferred to the counterparty to cover the loan amount and you will receive any excess collateral after application of the specific discount rate, the deduction of loan amount and any applicable fees.
What if I miss repayment or am late making a repayment?
We notify our users when their transactions approach maturity, this includes both in-platform and email notifications. This notification system greatly reduces the chances for borrower to miss trade maturity date.
In addition to this functionality we employ a smart contract based auto-default functionality. This means that our backend will trigger a default event for your transaction on the smart contract if auto-default flag was used when you agreed to the transaction terms.
In case of auto-default your collateral will be transferred to the lender to cover the loan amount and you will receive any excess collateral after the deduction of loan amount and any applicable fees.
How do I withdrawal my collateral?
Your collateral will be returned to you automatically upon repayment. In a normal course of action you will receive an amount you posted less any applicable fees. In case when you as a borrower fail to repay the loan in time your collateral will be transferred to the lender to cover the loan amount, and you will receive any excess collateral after the deduction of loan amount and any applicable fees. The same procedure applies to margin call event e.g. the time when the value of your collateral falls below the critical level and becomes insufficient to cover the outstanding loan.