Overview
- Nexo’s Zero-interest Credit, which added Solana and XRP on Thursday, is described by the company as the first 0% APR, no‑liquidation loan option for those assets.
- ZiC offers fixed-term borrowing at 0% interest with no forced liquidations during the term, set at a 30% loan‑to‑value for SOL and XRP with minimums of 100 SOL or 5,000 XRP.
- Nexo reports more than $170 million in ZiC loan volume, a 66% renewal rate, and an average of four renewals per user, with over half of proceeds staying on the platform.
- Bitcoin and Ethereum still make up about 70% of collateral volume on Nexo, yet more than 30% of loans now use other tokens, led by SOL and XRP, which drove the product’s expansion.
- The move aligns with wider acceptance of crypto‑collateralized finance, highlighted by Fannie Mae’s March decision to allow mortgages backed by Bitcoin.