From Deposit to Live Loan
Once your Bitcoin deposit confirms, a 1:1 BTC token is credited to your account. You then confirm the loan on the Create Loan Position step, and your embedded wallet signs the transactions that execute your borrow: they lock that token in the lending contract as the record of your collateral and issue your loan. There's nothing to approve in a separate wallet app.
Your application · Step 4 of 5
Loan terms
Identity
Agreement
4
Deposit
5
Receive
Your Loan Goes Live
When execution completes, your loan is active and your dashboard shows your live position — balance owed, current LTV, and collateral held. From here, your payout begins.
42.5%
Healthy
Current loan-to-value
To notification
17.5%
To liquidation
40.8%
Notification 60%
One active loan at a time
Bitlendex supports one active loan per account. Repay your current loan in full to free up your collateral and borrow again.
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