131 sats \ 3 replies \ @OT 2 Dec 2023 \ parent \ on: Unchained ends BTC collateral-backed loans to individuals (starting Jan 2024) bitcoin
Hodlhodl also has lots of USD loans. The maximum is 1 year so no rolling over.
Rates are based on current market which at the moment is around 18% & up. In a bull market those rates should come down as more people start to lend more.
write
preview
0 sats \ 2 replies \ @DemandUtopia OP 2 Dec 2023
How does Hodl Hodl compare to Unchained in terms of BTC allocation? At Unchained there is no rehypothecation and each loan's collateral is stored in on the blockchain in a 2-of-3 multisig (Unchained and their partners have 2 of those keys).
reply
20 sats \ 1 reply \ @OT 2 Dec 2023
Its basically the same.
2/3 multisig with the lender, borrower & hodlhodl. You can add collateral if you need to. You get liquidated when LTV reaches 90%
reply
364 sats \ 0 replies \ @BitByBit21 2 Dec 2023
Also Hodl Hodl is P2P non-KYC, which is priceless.
reply