Torque
Torque offers a seamless borrowing experience by allowing users to collateralize their crypto assets and borrow against them. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like USDT and USDC.One of the key features of Torque is its indefinite-term loans. Unlike traditional lending platforms that require borrowers to repay their loans within a specific timeframe, Torque allows borrowers to hold onto their loans for as long as they want. This provides flexibility and convenience for users who may not have a specific repayment date in mind.Another notable feature of Torque is its fixed interest rates. When borrowers take out a loan, they lock in a fixed interest rate, which remains constant throughout the duration of the loan. This eliminates the risk of interest rate fluctuations and allows borrowers to plan their finances more effectively.Torque also prioritizes user privacy and security. The platform does not require any KYC (Know Your Customer) or credit checks, ensuring that users can access loans quickly and without any unnecessary hurdles. Additionally, Torque utilizes industry-leading security measures to protect user funds and personal information.To use Torque, users simply need to connect their crypto wallet, select the desired loan amount and collateral, and confirm the transaction. Once the loan is approved, the borrowed funds are instantly transferred to the user wallet.Overall, Torque provides a user-friendly and efficient platform for borrowing assets with indefinite-term loans and fixed interest rates. With its focus on privacy, security, and convenience, Torque aims to revolutionize the DeFi lending space.