crypto.loans

Nexo SOLloan: rates, LTV & how to borrow

Can I borrow against SOL on Nexo?
Yes — you can borrow against Solana (SOL) on Nexo at 1.9–18.9% APR with up to 50% LTV, on a third-party basis with KYC.
Borrow on Nexo

Nexo accepts Solana (SOL) as loan collateral. Solana is a high-performance blockchain. SOL is accepted as collateral on several CeFi and emerging DeFi platforms. On Nexo you can borrow USD, EUR, GBP, USDC against your SOL at 1.9–18.9% APR, up to a maximum loan-to-value of 50%, on a third-party basis.

To borrow against SOL on Nexo you open an account, complete identity verification, deposit your SOL as collateral, and draw a loan. Nexo uses a third-party model, so consider how it secures collateral before committing a large SOL position.

Solana's price volatility is the main driver of liquidation risk on a Nexo loan, which is why the 50% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when SOL falls — keeps your position out of the liquidation zone. Nexo sources its rates on a verified, manually-tracked basis.

How to borrow against SOL on Nexo

  1. 1Create a Nexo account and complete identity verification (KYC).
  2. 2Deposit your Solana (SOL) as collateral.
  3. 3Choose your loan amount up to 50% LTV and receive USD, EUR, GBP, USDC.
  4. 4Repay under Nexo's terms to reclaim your SOL. Add collateral or repay early if SOL falls toward the liquidation level.

How Nexo compares for SOL

3 platforms in our index accept SOL as collateral. On borrow rate, Nexo ranks 1st of 3 — the cheapest SOL loan we track. The table below puts Nexo next to its closest SOL alternatives so you can weigh rate against custody and LTV.

NexoCeFi
Borrow APR
1.9–18.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply
CoinbaseCeFi
Borrow APR
4–12%
Max LTV
86%
KYC
Required
Custody
Hybrid (on-chain)
Apply
Arch LendingCeFi
Borrow APR
7.25–10.49%
Max LTV
60%
KYC
Required
Custody
Third-party
Apply

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Frequently asked questions

Can I borrow against SOL on Nexo?
Yes. Nexo accepts Solana (SOL) as collateral, letting you borrow USD, EUR, GBP against it at 1.9–18.9% APR, up to 50% loan-to-value.
What is the interest rate for a Nexo SOL loan?
Nexo's borrow APR is 1.9–18.9%. Confirm the current rate on the platform before borrowing, as terms can change.
Does borrowing against SOL on Nexo require KYC?
Yes. Nexo requires identity verification to borrow against SOL.
What happens if my SOL collateral drops in value?
If your SOL falls far enough that your loan-to-value crosses Nexo's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 50% maximum LTV to reduce that risk.

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