# Nibbio - Credit Limit Increase **URL:** \ **Category:** Borrower Requests\ **Created:** [February 16, 2021, 10:12am UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328 "2021-02-16T10:12:51Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![KevinNibbio](https://avatars.discourse-cdn.com/v4/letter/k/8491ac/32.png) [@KevinNibbio](https://forum.truefi.io/u/KevinNibbio)\ **Post date:** [February 16, 2021, 10:12am UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/1 "2021-02-16T10:12:51Z")
Hi TrueFi community, Our initial loan with TrueFi is going perfectly well and is due to be repaid in less than 10 days! We will obviously repay before (officially) apply for the new loan but wanted to anticipate the delays to get another credit line approved! We are very excited to switch to a 90 days loan soon – which will be way more efficient for us. Thanks @grapefruittrading 🥰 We would like to extend our borrowing to $7mm for 90 days at 14.5% APY in our next application. Nothing material has changed with our trading strategies and we wish to continue to successfully build our credit record and reputation with the TrueFi community. We are happy to promote the great benefits of TrueFi on our Twitter as well. For background on our company please see our original post: > [@Nibbio - Borrow Request](https://forum.truefi.io/t/nibbio-borrow-request/205): > > Nibbio is a proprietary trading firm and one of the larger market makers in the crypto space. We have been working on developing our algos and risk management systems since mid-2017 and have gone through basic triangular arbitrages to market neutral strategies on futures and swap; and are starting exploring the DeFI space. As a start, we would like to borrow 1,500,000 TUSD for 30 days at a rate of 11.5%, and steadily increase this amount as we build Trust with the community. Who we are Nibbio … Thanks guys, and happy trading ✌ ---
**Author:** ![Raccoon](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/raccoon/32/89_2.png) [@Raccoon](https://forum.truefi.io/u/Raccoon)\ **Post date:** [February 16, 2021, 11:46am UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/2 "2021-02-16T11:46:16Z")
The APY of TUSD is 37.53% from AAVE for highly collaterized borrowing. As we are offering uncollaterised lending which provides your firm more flexibility, can we have slightly higher APY than 14.5%? Anyway, nice to cooperate with your firm. Btw, do you forget to add a poll function in this post? ---
**Author:** ![ryan.rodenbaugh](https://sea2.discourse-cdn.com/flex016/user_avatar/forum.truefi.io/ryan.rodenbaugh/32/38_2.png) [@ryan.rodenbaugh](https://forum.truefi.io/u/ryan.rodenbaugh)\ **Post date:** [February 16, 2021, 12:01pm UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/3 "2021-02-16T12:01:57Z")
_Poll ([view on site](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/3))_ ---
**Author:** ![Alhambren](https://avatars.discourse-cdn.com/v4/letter/a/bbe5ce/32.png) [@Alhambren](https://forum.truefi.io/u/Alhambren)\ **Post date:** [February 17, 2021, 1:51am UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/4 "2021-02-17T01:51:26Z")
Increased APY necessary ---
**Author:** ![spidey](https://avatars.discourse-cdn.com/v4/letter/s/ac91a4/32.png) [@spidey](https://forum.truefi.io/u/spidey)\ **Post date:** [February 20, 2021, 5:57pm UTC](https://forum.truefi.io/t/nibbio-credit-limit-increase/328/5 "2021-02-20T17:57:23Z")
Hi, APY needs to be more competitive, min 15% but higher will increase the approval odds. Great to have a returning borrower