Cryptocurrency lending firm Nexo announced that SOL and XRP can now be used as collateral for its interest-free loan product, ZiC. ZiC is a product that lends interest-free stablecoins to holders of eligible cryptocurrencies as collateral, with no forced liquidation and an annual interest rate of 0%. Instead, if the collateral rises above a certain level, Nexo takes the excess profit, and it requires a much lower loan-to-value (LTV) ratio of around 30% compared to regular loans.
