Exchange Lending: The world’s first exchange-based virtual asset lending service. This can be used on your exchange through a B2B method. Users of every cryptocurrency exchange can still use our services through accessing Delio’s Lending API services.

General Lending: B2C-based lending is available on the main page of Delio’s website without an exchange account.

The service that uses Bitcoin and Eth as a collateral to obtain virtual currency, currently can obtain a loan with Bitcoin and Eth as a collateral.

-Reliability – It is a service that takes your loans and invests them to create profits
-Security – Your loan is kept on the exchange without being transferred to another separate company
-Simplicity – Anyone can borrow easily and quickly with a simple user interface, and crypto assets are deposited into the exchange wallet
-Leverage – Leverage is available depending on market conditions
-Liquidity – Loans increase the liquidity of your assets

The handling fee rate is 0.044% per day, which is automatically paid on the last day of each month during the loan period.


[Handling Fee Calculation Formula]
Loan amount KRW × (annual handling fee rate ÷ 365) × corresponding number of days ÷ Bitcoin price at the time of accounting

The minimum loan amount for a single loan is 1.5 million won, the upper limit for a single application is 30 million won, and the maximum amount that can be applied for in one day is 100 million won.

1. Lending BASIC products cannot be liquidated.

2. Non-fulfillment of debts:
If the debt is not fulfilled on the loan maturity date, the liquidation amount shall be determined in accordance with the Bitcoin market price specified in Article 1, Item 6, No.3, and the liquidation execution will deduct the liquidation money from the collateral, and the remaining amount will be remitted to the user’s Bitcoin wallet address by Delio. The loan agreement then would be terminated.

When automatic liquidation is activated, we dispose of collateral assets of customers in order to collect the loan principal and interest. Afterwards, the rest of the collateral assets are unlocked and the loan contract is terminated.

There are three terms:

You should possess the handling of virtual assets on the exchange wallet.
During the loan term, selected collateral is locked at the corresponding exchange. Locked collateral assets cannot be traded.
This service can be used by accounts with KYC verification.

You can apply for several loans within the 100 million won loan limit in a single day.
If the total amount of one-day loan application exceeds 100 million won, you can apply again within the 100 million won limit on the next day.

LTV refers to the ratio of the maximum loanable amount compared to the virtual asset that you want to borrow.

LTV of Different Products

BTC lending Basic: 90%
BTC lending FIAT: 70%

For example) In the case of BTC Lending Basic product, with 1 BTC as the collateral, after the loan is approved, 0.9 BTC will be transferred to the user's wallet
In the case of BTC Lending FIAT product, with 1 BTC as the collateral, after the loan is approved, 0.7 BTC will be transferred to the user’s wallet

BTC Lending PRO: 90%
BTC Lending Basic: 90%
BTC Lending FIAT: 70%

Ex) In the case of BTC Lending PRO and Basic products, if the lending is approved with 1 BTC as debt security, 0.9 BTC is sent to the wallet of the customer. For BTC Lending FIAT product, when the lending is approved with 1 BTC, 0.7 BTC is sent to the wallet of the customer.

Prepayment can be processed at any time within 90 days of the loan period, and there is no need to pay handling fee when applying for prepayment of loan.

The maturity repayment amount is notified on MyPage from 7 days before the maturity date.

If the notified amount is not paid within the term, the liquidation is executed following the methods specified by the Clause 2 of Article 4. If a fall in the market price occurs on the maturity date of lending and the loan is not repaid at maturity, however, the liquidation is executed following the methods specified by the Clause 3 of Article 4.

No. Call off, cancellation and withdrawals are unavailable until the maturity date.
※ Terms: Article 4.2 states members cannot withdraw their deposited virtual assets in the middle of the contract period. Article 6.2 states the user cannot cancel the deposit during the deposit period.

Staking is to lock a certain amount of digital assets held by customers as stakes. After depositing digital assets in the blockchain network, customers participate in the operation of the blockchain network by having decision-making authority in proportion to the percentage of shares of the deposited digital assets. The operator of the network uses the investor's digital assets to operate the system and receives a profit share as a reward for participating in the operation and verification of the network with additional tokens created later.

Since it verifies the stability and security of the network through proof-of-stake, it has the feature that the stability and security of the platform are improved when staking is increased, and staking is possible only on blockchain networks that adopt the proof-of-stake (PoS) algorithm.

To use the Delio staking service, you don’t need to make additional transactions. Simply storing digital assets in Delio and using the staking service is a convenient way to receive rewards by contributing to the blockchain network, and smaller quantities are also applicable. Therefore, through Delio’s staking service, you can earn a certain level of profit while you hold your assets, by assigning the desired amount as stakes.

For details such as the minimum application quantity and period, please refer to the detail page for each asset’s page.

The Delio staking service proceeds from Application > Approval and delegation >Process > Completion.

(1) Application: a period to collect staking tokens by asset type in predetermined time intervals.

(2) Approval and delegation: after setting the lockup for the application quantity by asset, delegation to the validator is carried out.

(3) Progress: the stage in which the staking is carried out.

(4) Completion: the stage in which the locked-up amount and reward distribution to applicants are carried out after the staking period ends.

※ The staked amount and reward rates may change at any time depending on the blockchain network of a respective token.

For details such as the expected reward rate, please refer to the detail page of each product. Staking service rewards may change depending on network conditions.

The reward rate provided on the product detail page is for reference only and may be less or more than the suggested rate range.

Consensus algorithm: an algorithm that elicits overall consent to share, verify and add new records through a network connection so that all distributed nodes can have a consistently distributed ledger. Thus, nodes in a distributed ledger system finally adopt the same record through communication with each other.

Various consensus algorithms such as proof-of-work (PoW), proof-of-stake (PoS), and delegated proof-of-stake (DPoS) are used in the distributed ledger system, which contributes to verifying the validity of transactions and maintaining integrity and security in the digital asset network.

Proof-of-Work is a consensus algorithm that adds new blocks to the blockchain by mining (computing hash). It is applied to many digital assets, including BTC.

Proof-of-Stake is a consensus algorithm that creates and verifies new blocks through staking. Examples include DOT, ADA, etc.

Delegated Proof-of-Stake is a consensus algorithm in which digital asset owners select representative
nodes on their behalf through voting in proportion to their shareholding, and these representative nodes agree to make decisions. Examples include SOL, XTZ, etc.

The Delio staking service can be canceled or withdrawn at any time during the application period.

For details such as the application (collecting) period, bonding and unbonding periods, please refer to the detail page of a respective product.

Bonding is the period it takes for the staking service to start and generate actual rewards.

Unbonding is the period between the end of the staking service and the time when the delegated asset is decommissioned.

From the Bank.
Withdrawal password, PIN code, OTP and email verifications are required.
※ Please note that withdrawals are available after 24 hours since the registration time of a withdrawal wallet.

Delio provides customers with reasonable real-time fees in consideration of the network conditions at the time of each virtual asset withdrawal request, however, there are no fees for transactions between Bank users.
The fast speed gas fee is set for real-time transactions in the main network, and we are providing lower fees compared to other domestic exchanges. You can check the fee incurred while withdrawing money.

The withdrawal password can be changed through Login > Personal information > Withdrawal password setting > Email confirmation > Withdrawal password.

The default withdrawal limit per day is 100 million KRW after the customer verification process. If you proceed with the customer verification process, OTP registration, and bank account authentication, you can increase it to a maximum of 500 million KRW.

For foreigners currently residing in the Republic of Korea, Delio offers a customer verification service aiming to help users safely utilize the crypto services. The process requires the submission of the document at help@delio.io .

The results of the screening process will be provided by SMS. Please kindly note that there will be limitations on the service use if the customer does not match the requirements listed below.


Qualifications

- Identity document holder (Alien Registration Card)

- Korean resident


Required Document for Customer Verification Submission

- Identity document (Alien Registration Card)


Review Period

- Up to 7 business days

In accordance with the Personal Information Protection Act and the Act on Reporting and Use of Certain Financial Transaction Information, the information provided by customers during the sign-up stage, transaction history, and information after withdrawal is stored up to 5 years after membership withdrawal.

Yes. In accordance with Articles 17 and 18 of Personal Information Protection Act, to comply with special regulatory laws and statutory obligations, personal information may be collected, used and provided without consent in unavoidable cases. Therefore, if only the information stipulated in the Act on Reporting and Use of Certain Financial Transaction Information is processed, it may be collected and transmitted based on the law without consent.

In accordance with the Personal Information Protection Act and the Act on Reporting and Use of Certain Financial Transaction Information, the information provided by customers during the sign-up stage, transaction history, and information after withdrawal is stored up to 5 years after membership withdrawal.

Yes. In accordance with Articles 17 and 18 of Personal Information Protection Act, to comply with special regulatory laws and statutory obligations, personal information may be collected, used and provided without consent in unavoidable cases. Therefore, if only the information stipulated in the Act on Reporting and Use of Certain Financial Transaction Information is processed, it may be collected and transmitted based on the law without consent.

Mobile phone identity verification, bank account verification, ID verification, and essential information (residence, occupation, transaction purpose, source of funds, use of comprehensive asset management service) are required.
- Reason for implementing the customer verification system: After being licensed as a virtual asset service provider, we are implementing the customer verification system to prevent the Delio service from being used for illegal activities such as money laundering.

The Travel rule is a system that defines the origin and destination of asset transactions. In 2019, Financial Action Task Force (FATF), an international anti-money laundering organization, issued an official suggestion to apply travel rules to digital assets. In Korea, according to Specific Financial Information Act, the Travel rule must be complied starting from March 25, 2022. Thus, when digital assets of 1 million KRW or more are transferred, the virtual asset service provider (VASP) must deliver necessary information, such as the trader’s real name, to the receiving virtual asset service provider.