At Nebeus, we understand that market fluctuations can occasionally lead to margin call situations for borrowers. However, we want to assure you that we have measures in place to help you manage these situations effectively. In this article, we will discuss the steps you can take if you receive a margin call and the possible solutions available to you.
10-Day Grace Period: Nebeus provides borrowers with a 10-day grace period to address a margin call. This period allows you to take action and save your crypto assets. It's crucial to act promptly during this time to avoid any potential consequences. Let's explore the possible solutions you can consider:
Add Additional Collateral: One solution to meet the margin call requirements is to add more collateral to your loan. By adding additional funds or cryptocurrencies as collateral, you increase the overall value of your collateral and bring it back within the required threshold. This option allows you to maintain your loan and continue benefiting from Nebeus services.
Fully Repay the Loan: If adding more collateral is not feasible for you, another option is to fully repay the loan. By repaying the entire loan amount, you eliminate the need for collateral and effectively resolve the margin call situation. This option may be suitable if you prefer to avoid the potential risks associated with fluctuations in collateral value.
It's essential to carefully evaluate your financial situation and consider the best course of action when facing a margin call. We recommend reviewing the specific terms and conditions of your loan agreement and consulting with our customer support team for personalized guidance.
Please keep in mind that the margin call grace period allows you the opportunity to rectify the situation, but it's important to act promptly to safeguard your assets and maintain a healthy loan status. Failure to address a margin call within the grace period may result in collateral liquidation or other measures to restore the required collateral level.
To access further information and guidance on managing margin calls, we encourage you to visit our Help Center on the Nebeus platform. Our knowledgeable support team is also available to assist you with any questions or concerns you may have.
Remember, Nebeus is committed to providing a transparent and supportive lending experience. We are here to help you navigate margin call situations and ensure the long-term success of your loan.