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21 sats \ 1 reply \ @siggy47 OP 15 Jun \ parent \ on: Debt, Leverage and Fiat Come to Bitcoin bitcoin
Regarding these "new" loan products, they don't seem to me to be fundamentally different or innovative, except perhaps for proof of reserves.
yeah agreed. I have heard of an exchange called firefish, where funds are locked onchain on a multisig instead of it being 100% custodial, but beyond that it looks like the same old idea of trading bitcoin with leverage.
For some reason it has become again the new popular thing to do.
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