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Ways you can use the Nexo Booster

There are two ways you can use the Nexo Booster:

  • Boosters with two assets
    Boost a cryptocurrency from 1.25x to 3x its value, and receive the boosted equivalent in another cryptocurrency.
    Example: Boost ETH to get BTC.

Detailed example:

BTC price: $40,000, ETH price: $4,000

You select to receive BTC with 3x leverage and decide to pay with 10 ETH of your own. These 10 ETH worth $40,000 you put forth are sold for 1 BTC. For the remaining 2 BTC, we issue you with a loan for $80,000 sourced from your Available Credit Line. As a result, you receive $120,000 in BTC which in this example is 3 BTC. The "After Purchase" page will show an LTV ratio of 68.66% and Borrowed Funds of $82,400 ($80,000 loan + $2,400 booster fee).

 

  • Boosters with a single asset
    Boost a cryptocurrency from 1.25x to 3x its value, and receive the boosted equivalent in the same asset.
    Example: Boost BTC and get more BTC.

Detailed example:

BTC price: $40,000

You select to receive BTC with 3x leverage and pay with BTC of your own. The 1 BTC you put forth is evaluated at $40,000 and then we issue you with a loan for $80,000 sourced from your Available Credit Line. As a result, you receive $120,000 in BTC which in this example is 3 BTC. The "After Purchase" page will show an LTV ratio of 68.66% and Borrowed Funds of $82,400 ($80,000 loan + $2,400 booster fee).

 

For detailed information concerning the Nexo Booster, please refer to the dedicated article.

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