Ecosystem Vision

Description

Crypto-backed loan is a Milo lending product for short-term or flexible financing secured by Bitcoin or Ethereum. Loans start at $5,000, require collateral equal to twice the loan amount, and have one-year terms with extensions. Milo states that collateral is held with Coinbase and BitGo, funding can occur within 24 hours, and borrowers may choose interest-only or no-monthly-payment options.