Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

Lockr offers a convenient platform for borrowing against Bitcoin and Ether without the need to liquidate these assets. With a competitive loan-to-value (LTV) ratio, users can maximize the utility of their valuable cryptocurrencies. The loans provided by Lockr are both instantaneous and assured, allowing for fund access within mere minutes. Interest on the borrowed amount accumulates daily, giving users flexibility in managing their cryptocurrency. Additionally, there are no restrictions on deposits, meaning funds can be withdrawn at any time without incurring fees. Lockr partners with a top-tier custodian, ensuring that all data exchanges are secured through SSL and utilize TLS 1.2 protocols. Moreover, sensitive information is protected with AES-256 encryption, further enhancing user security. This commitment to safety and efficiency makes Lockr an attractive option for crypto enthusiasts seeking financial flexibility.

Description

Torque offers a robust decentralized finance (DeFi) platform that enables users to borrow assets through loans with no set end date and fixed interest rates. You can quickly secure a crypto-backed loan without the hassle of KYC procedures or credit evaluations. With fixed interest rates, borrowers have clarity on their payments. During market volatility, we ensure that loans remain collateralized and only liquidate collateral when it exceeds the margin maintenance by 10%. We prioritize decentralization in our operations, providing loans without any verification processes, KYC/AML requirements, or credit assessments—your keys and your coins are always yours. Our non-custodial approach allows you to maintain control over your keys and assets. Additionally, our smart contracts have received thorough audits from top blockchain security firms, including ZK Labs and Certik. To address the unique security challenges posed by oracles in a decentralized landscape, we collaborate with leading oracle service providers. Furthermore, we allocate 10% of the interest paid by borrowers to an insurance fund designed to cover instances where undercollateralized loans are not liquidated correctly, ensuring greater security for all participants. This commitment to security reflects our dedication to a safer lending environment in the DeFi space.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Bitcoin Yes 
Ethereum Yes 
Open iT ComputeAnalyzer™ No 
Patchworks No 

Integrations

Bitcoin No 
Ethereum No 
Open iT ComputeAnalyzer™ Yes 
Patchworks Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Lockr Finance

Founded

2022

Country

United States

Website

www.lockrfinance.com

Vendor Details

Company Name

Torque

Founded

2017

Country

United States

Website

torque.loans/

Product Features

Product Features

Alternatives

BitLoan Reviews

BitLoan

HyperPay

Alternatives