What is YouHodler?
Founded in 2018 by Ilya Volkov, YouHodler is a centralized financial service with users from over 180 countries. It is a platform where you can use crypto as collateral to get instant cash loans and cryptocurrency loans in EUR, USD, GBP, CHF, Tether (USDT), or Bitcoin (BTC). YouHodler has a high and loan to value ratio (90%) and 12.3% APR + compounding interest, with minimum loan amounts starting at $100. The platform accepts the top 40 coins as collateral. Instant credit card and bank withdrawals included.
Every week, compound interest is added to the user's account by YouHodler. If the user does not choose to remove their interest, they can increase their earnings.
YouHodler's platform analyzes the current market situation and, if the circumstances allow, provides its users with the option to get more fiat from already opened loans, without the need of increasing the collateral amount also to add more cryptocurrency to the collateral to adjust the loan's price down limit (PDL).
Users can repay the loan using the loan collateral market value, where the platform automatically sells the collateral and uses the profit to cover the loan repayment.
When the price of your crypto-collateral reaches the Take Profit level set by the user, The platform sells a portion of it to repay the loan and pays the rest back into the user's account. YouHodler offers the "PDL Extend" function to help secure the loan.