Best For

      Retail Borrowers
      Privacy Focused Borrowers

Nuo Network is a decentralized peer-to-peer marketplace running on the Ethereum mainnet. Available worldwide, borrowers can deposit their ERC20 crypto assets into a smart contract and obtain over-collateralized loans without submitting any personal information.

Nuo Network Crypto Loans - 2020 Comprehensive Review

Overall Score:

7.5
Trusted
Global Access:
10 of 10
Loan Options:
6 of 10
Easy of use:
6.5 of 10
Trust:
8 of 10
Fees & Rates:
8 of 10
Support:
7.5 of 10

Nuo Network Overview

APR Rates2.26% - 50%
Borrow AssetsUSDC, DAI, ETH, LINK, TUSD, BAT, ZRX, REP, WBTC, MKR, KNC, SNX
Rate VariabilityHigh Variable
Loan Amounts$25 - $1,000,000
Receive FundsStablecoin : Instant, Crypto : Instant
Repayment TypeInterest & Principal
Available LoansStablecoins, Crypto
Accepted CollateralsETH, DAI, LINK, ZRX, REP, BAT, TUSD, WBTC, KNC, MKR, SNX, USDC
Collateral LTV50% - 70%
Margin Call LTV70%
Collateral InsuranceNo
KYC CheckNo
Platform FeesNo Fees
Network TokenNo
Token BenefitsNO TOKEN
Platform TypeDecentralized Lender
Credit CheckNo
Supported RegionsAll Countries
Excluded RegionsSanctioned Countries

APR Rates

Borrow AssetAPR Rate
USD CoinUSDC2.26%
EthereumETH2.47%
ChainlinkLINK2.53%
DAIDAI2.88%
Synthetix NetworkSNX3.5%
Basic AttentionBAT4.43%
Kyber NetworkKNC5.78%
TrueUSDTUSD6.72%
AugurREP7.05%
Wrapped BitcoinWBTC9.3%
0xZRX9.72%
MakerMKR50%

Collaterals Accepted

Collateral AssetCollateral LTV
EthereumETH70%
DAIDAI70%
Wrapped BitcoinWBTC70%
MakerMKR70%
USD CoinUSDC70%
ChainlinkLINK50%
0xZRX50%
AugurREP50%
Basic AttentionBAT50%
TrueUSDTUSD50%
Kyber NetworkKNC50%
Synthetix NetworkSNX50%

Nuo Network Crypto Loans Alternatives

Rating7.5/108.5/108.5/10
Best Stablecoin APRUSDC 2.26%USD 5.9%USDC 4.5%
Collateral LTV50% - 70%15% - 75%20% - 50%
Margin Call LTV70%80%70%
Fiat LoansNoYesYes
Collateral InsuranceNoYesNo
KYC CheckNoYesYes
Credit CheckNoNoNo
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Assets Available - Nuo Network has 10+ crypto assets available to borrow. These include major stablecoins, Ethereum (ETH), Wrapped Bitcoin (WBTC), Chainlink (LINK), and more.
  • Global Accessibility - Nuo Network is accessible worldwide, without restriction.
  • Privacy - Users looking to obtain crypto asset loans via Nuo Network will not be required to submit personal information.
  • Non-Custodial - User funds are never held by Nuo Network directly. This provides a more decentralized and trustless experience for the user.
  • Active Community - The Nuo Network team can be found on their official telegram channel answering questions and inquiries from the community on a daily basis.
  • Transparency - All user funds and transactions can be verified on the Ethereum blockchain.

Cons

  • Fluctuating APR - Interest rates on crypto asset loans are determined by supply and demand. This makes it difficult to forecast future APR rates when deciding which crypto loan platform to use.
  • Available Loan Liquidity - Nuo Network lists several crypto assets that do not currently offer enough liquidity to support large scale deposits and loans. As of Q4 2019, investors with large crypto asset balances would not find Nuo Network to be an adequate option.
  • Ethereum Assets Only - Nuo Network currently only supports ERC20 crypto asset loans and interest accounts.
  • Smart Contract Risks - Nuo Network’s smart contracts are publicly verifiable, audited, and fully transparent. The team has taken all the appropriate steps with regards to security. This being stated, smart contracts are still experimental technology with potential unforecasted risks.

Frequently Asked Questions

Is Nuo Network safe?

Can I borrow stablecoins on Nuo Network?

Does Nuo Network require users to KYC?

Are my crypto assets insured on Nuo Network?

Does Nuo Network have any geographic or country restrictions for users?

Summary

Nuo Network launched on the Ethereum mainnet in early 2019 and has become one of Asia’s most successful decentralized finance protocols. The platform offers decentralized margin trading, interest accounts, and crypto loans.

The company behind Nuo Network is backed by Consensys Ventures and has made considerable progress towards their ultimate goal of providing decentralized financial products to a global market. We expect tokenized bonds, securities, additional stablecoins, and more crypto assets to become available on Nuo Network in the future.

Blockfer currently only recommends Nuo Network to privacy focused users with limited crypto assets. The protocol does not have enough liquidity to support large scale investors. If privacy is not an essential factor, we recommend exploring other crypto loan platforms.

Learn More Best Features

Nuo Network Official Website

  • Stablecoin loans can be used to margin trade directly on the same platform.
  • Traders can borrow crypto assets like ETH, WBTC, MKR, and SNX to short the assets market.

Legal & Regulation - Facts & Figures

Legal Name Nuo Capital Pte Ltd
Incorporated Country Singapore
Headquarters Mumbai, MH India
Year Founded 2018
CEO Varun Deshpande
Total Employees 2-10
Regulators Not Regulated
Links Website, Crunchbase, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The crypto lending platforms found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our crypto loan reviews and comparisons include: APY rates, available assets, loan amounts, loan options, LTV ratios, platform fees, reputation, ease of use, loan terms and fees, and customer support.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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