pull down to refresh

0 sats \ 2 replies \ @SimpleStacker 8h \ parent \ on: Are Some Whales Abandoning Self Custody? bitcoin
AFAICT, a 5% APR (annual percentage rate) loan at 25% LTV (loan-to-value ratio) means:
  • If you put up $100k of your bitcoin ETFs up as collateral, you can borrow up to $25k with an annual interest rate of 5%.
(Putting your ETFs up as collateral means that if you fail to repay your loan, they confiscate your ETF shares)
write
preview
0 sats \ 1 reply \ @justin_shocknet 8h
You can borrow 75k
reply
0 sats \ 0 replies \ @SimpleStacker 8h
That would make it 75% LTV, no?
5% APR 75% LTV is actually really good, almost like a mortgage.
reply