Borrow AUD, keep your crypto

Yes. Block Earner is registered with AUSTRAC, holds an Australian Credit License from ASIC and is a member of DECA and FinTech Australia. Credit provided by Web3 Loans Pty Ltd ACN 668 516 952 and managed by Web3 Ventures Pty Ltd trading as Block Earner (ACN 655 090 869) under Australian Credit License 542689.

A crypto-backed loan is a type of secured loan where cryptocurrency assets are used as security to borrow fiat currency. This allows crypto holders to access liquidity without selling their digital assets.

Block Earner accepts Bitcoin, Ethereum and XRP as security.

A line of credit (up to 12 months) is designed for short-term, flexible borrowing with no monthly minimum repayments, no lock-ins, and no early repayment fees.

The loan-to-value ratio (LVR) for line of credit:

• Up to 40% LVR for Bitcoin, Ethereum and XRP.

A fixed-term loan is available for 3 or 5 years. It is a mid to long-term lending solution with predictable monthly repayments, no lock-ins, and no early repayment fees.

The loan-to-value ratio (LVR) for fixed-term loans:

• Up to 50% LVR for Bitcoin, Ethereum and XRP.

LVR is expressed as a percentage that compares the amount you are borrowing to the lender-assessed value of the asset.

For example, Block Earner gives an individual customer up to 40% LVR on a line of credit loan. If you had $100,000 AUD worth of Bitcoin as security, using our maximum LVR of 40% would give you a $40,000 AUD loan.

Current Block Earner LVR offerings include:

• Line of credit is up to 40%.
• Fixed-term loans are up to 50%.

No, your crypto security cannot be accessed; however, you can pay down the loan using the security. All loan options have no lock-ins or early repayment fees.

If the price of your security goes down, your LVR will go up. Please see the different LVR health stages of our loans below:

Bitcoin & Ethereum security:

• 40-50%: Healthy
• 50-54.9%: Attention
• 55%-59.9%: Repayment notice
• >60%: Default risk (30 days to manage)

If the price of your XRP goes down, your LVR will go up. Please see the different LVR health stages of our loans below:

• XRP security:
• 25-34.9%: Healthy
• 35-39.9%: Attention
• 40%-49.9%: Repayment notice
• >50%: Default risk (30 days to manage)

Line of credit: No monthly repayments are required. Loan repayments can be made at any time, and are due at the end of your 12-month loan term.

Fixed term: Monthly repayments are required.

The line of credit loan term is up to 12 months. The fixed-term loan terms are 3 or 5 years.

Block Earner can lend between $50 and $5 million AUD, depending on the loan type.

Interest is calculated daily, compounded monthly.

You can close your loan at any time. To close a loan, you will need to repay the principal, interest and fees with AUD or your crypto security.

If your Loan-Value-Ratio (LVR) goes down (meaning the value of your crypto security goes up), you can redraw on your loan. For example, if the value of your BTC security increases, and as a result, your LVR decreases to 32%, you can redraw up to an additional 8% of AUD.