HTX Collateral Swap (Formerly Crypto Loans) Launches “Swap Voucher” Feature
- Crypto Loans
Dear HTX Users,
We are excited to announce a major upgrade to the HTX Collateral Swap (formerly Crypto Loans) product with the launch of the Swap Voucher feature. It's designed to help you maximize capital usage efficiency while significantly lowering your loan costs.
The Swap Voucher is a new tool that helps you reduce borrowing costs by directly offsetting the interest on your Collateral Swap orders. The best part? It works seamlessly with your Prime Membership privileges, allowing you to enjoy stacked discounts and the lowest possible interest rates.
Highlights
Lowest Cost with Double Discounts: Use the Swap Voucher together with your Prime Membership discount. The system automatically applies the optimal combination to minimize your interest payments.
Simple and Accessible: View, claim, and manage all your Swap Vouchers via the Rewards Hub on the HTX official website or My Rewards on the HTX App. You can also select them directly when placing a Collateral Swap order.
Broad Usage and Boosted Returns: Whether for a miner's capital turnover, a market maker's inventory management, or quantitative hedging strategies, the Swap Voucher helps reduce your cost of capital and boosts overall strategy returns.
How to Use the Swap Voucher: 3 Simple Steps
1. View and Claim:
Visit the [HTX Official Website – Rewards Hub] or [HTX App – My Rewards] to view your available Swap Vouchers in Coupon.
2. Select When Ordering:
When placing a Collateral Swap order, the system automatically displays the Swap Vouchers applicable to that order. Simply select one to apply the discount.
3. Confirm Discount:
Before submitting your order, you can preview the Estimated Savings on interest in the fee details. After placing the order, you can also view voucher usage in the order details.
Important Notes
Best Rate Guaranteed: The system automatically applies the optimal combination of your Prime Membership discount and Swap Voucher to ensure the lowest possible net interest payment.
One Voucher per Order: Generally, only one Swap Voucher can be used for each Collateral Swap order.
Voucher Details: Each voucher is unique, with its own validity period, discount rate, and maximum deductible amount. Please refer to the specific information displayed on your voucher.
Validity: Expired vouchers or those with a fully used balance are no longer available for use.
FAQs:
- Q: How do the Swap Voucher and Prime Membership discount stack? Does the order of application affect the final discount amount?
A: The system automatically selects the discount combination that results in the lowest possible interest payment. It first uses the Prime Membership discount to set the base rate, then applies the Swap Voucher for further savings. Manual adjustment of the discount order is not required.
- Q: How many Swap Vouchers can I use per loan?
A: One voucher per Collateral Swap order.
- Q: How are Swap Vouchers handled upon maturity or early repayment?
A: Voucher deductions stop after maturity. For early repayment, interest is calculated based on the actual number of days borrowed. Any interest already offset will not be refunded, but the unused portion of the voucher and its validity period remain unchanged.
- Q: Do Swap Vouchers apply automatically?
A: Yes. The system automatically selects the voucher that offers the highest discount.
- Q: Does this discount affect my other investments (like Earn products)?
A: No. The Swap Voucher is solely used to reduce loan interest and does not affect the pricing or returns of other products. If there is any conflict with other promotional rules, the event and voucher rules will prevail.
- Q: Can I use the Swap Voucher for any asset and any loan term?
A: Yes. Interest is offset in USDT equivalent, and standard rates resume after the voucher expires.
HTX remains committed to providing you with the most competitive financial products and services. If you have any questions, please reach out to our online customer service. Thank you for your continued support!
HTX Team
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
