# Bitfinex Borrow Add LINK As Collateral

By Coinness

Canonical URL: https://www.tokenpost.com/news/investing/6331
Published: 2021-02-02T11:03:03.000Z
Updated: 2021-02-02T14:11:39.000Z
Section: Investing

> Bitfinex announces the addition of Chainlink (LINK) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal.

Bitfinex announces the addition of Chainlink (LINK) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal.

Bitfinex customers will be able to obtain loans of up to 70% of the value of their LINK holdings in US Dollars (USD) and Tether tokens (USDt). At the date of this announcement, the borrowing rate for LINK was 4.878% Annual Percentage Rate (APR).

Borrowers can now select LINK from the list of currencies they wish to use as collateral, displayed on the Bitfinex Borrow page, before depositing sufficient collateral into their Margin wallet.