For Borrowers

Borrowing from Prestio start with bringing an asset on-chain and making it eligible to act as collateral for the loan. In order for the asset to be brought on-chain, it needs to go through 3rd party appraisals and establish transparent valuations and go through the asset warehousing process (please see the asset warehousing and valuation methodology section for more information).

Once an asset has been brought on-chain and warehoused, the community-driven REVAB does an external quality control (see REVAB section under DAO) and approves the loan, which releases the approved loan amount. This process takes less than a week.