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Frequently-asked questions (FAQs)
P2P lending is where one person lends to another in return for interest, without any third party getting in the way. Unlike bank lending, where the bank lends your deposits and keeps the lion’s share of interest, P2P lending lets you keep all the profits yourself.
On our platform, you also have full control over the term with a choice of anytime withdrawals or 1, 3, and 6-month fixed terms. We differ from other P2P lending platforms in all lending is backed by collateral. In other words, we secure loans with assets that can be sold easily (cryptocurrencies).
New to P2P lending? Here’s what to know before you invest.
MyConstant is a collateral-backed peer-to-peer lending platform. Every loan is backed by collateral of up to 200% of the loan amount, which is sold if borrowers default or if its value falls to a threshold, protecting investors (borrowers keep the loan).
Unlike other platforms, MyConstant pools investor funds into a lending pool or reserve. This means you match instantly, whether you’re a borrower or an investor. We don’t do credit checks and investors can choose instant access investing or one of three fixed terms for our best rates.
As well as providing you with a platform on which to do business, we also believe in giving you the educational resources to reach your financial goals, fast. To learn more, check out our blog.
Anyone can participate, as long as you have an internet connection (to use our website) and access to a bank account (to receive a loan or repayment). If you intend to invest fiat (USD), you will also need to pass KYC (Know Your Customer) checks.
peer-to-peer lending.
MyConstant
Help & Support
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Mon-Thurs 6pm - 3am PST
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21800 Opportunity Way
Riverside, CA 92508, USA
How does MyConstant investing work?
When you invest with us, you first send your funds (either fiat like USD or stablecoins) to our custodial partner Prime Trust, an accredited US financial institution.
Prime Trust then converts your funds to a relevant stablecoin which we then lend on your behalf to collateralized borrowers, liquidity pools, and decentralized exchanges in return for interest.
When you’re ready to withdraw, Prime Trust converts your invested stablecoins back to the relevant currency of your withdrawal request. There is no charge or fees for fiat (USD etc) withdrawals. You’ll keep the interest you earn up to the moment you withdraw your funds.
You can choose our instant access account or invest for a fixed term. Our instant access account has a 24-hour term that’s automatically extended every 24 hours unless you choose to disable the product or withdraw your funds.
All account statements for MyConstant investment products are stated in USD equivalent terms at all times.
Is CONST LLC a bank?
Please note that CONST LLC (hereafter referred to as “we”, “us”, or “Company”) is not a bank or deposit account, nor is it a regulated financial institution. MyConstant tokens are not financial instruments. No interest will be paid on any funds or other assets held in your MyConstant account and all assets directly held by us are not insured by us or, except as set forth below, any third party or any government agency.
We work with independent third-party financial institutions such as Prime Trust to provide cash management for the fiat deposits backing MyConstant tokens, ensuring that all MyConstant tokens in circulation are matched by an equal amount of fiat deposits. To achieve this, the fiat deposits backing MyConstant are held in one or more depository accounts at US banks or trust companies whose deposits may be insured.
Rate is current at the time of reading, and may be subject to change in the future.
