under 20%. In the last two days under borrow for 0% interest I have been seeing only a positive number and unable to understand why I'm still being charged interest at 6.9%
How/when exactly is the LTV calculated to determine if it is above or below 20%?
What is your Loyalty tier?
In order to check your current Loan-to-Value, there is a quick calculation you can do. Please follow the steps below: - Please go to the main page of your Nexo account and click on 'Repay'. - On the newly created dialog box, you shall see how much is your outstanding loan. - After that, you need to divide this number on your portfolio balance (which is shown on the main page of your profile). The resulting number is the current LTV percentage in your account.
You might need to correct this instruction then. And I have been asking this specifically over the last 2-3days and was never told anything about the credit line being used to calculate LTV for the 0% loan
Apologies for the confusion. The LTV is only calculated according to your current Credit Line wallet.
👍😊 no worries, I understand it better now. And I also need not worry about moving my XRP back to a supported wallet for the sologenic airdrop. Added it to reduce my LTV but apparently not enough for a 0% loan
Just a follow up on this..the app needs a fix as well. Even now it shows me that I can borrow about 700$ for 0% I guess the calculation here is also based on total portfolio value and not just credit line
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