OK sure but then you don't have a dollar short position. The advantage of a btc backed loan is that you can pay dollars to get your bitcoin back at the end of the loan term. The interest rate is brutal tho. You need a lot of inflation to make the numbers work and the custodial risk is 💀.
Arch is another provider. Single sig custodial w/ similar interest rate. Newish company, hasn't been thru a full cycle yet. Maybe 16% apr.
vnprc
npub16v…umhgd
2024-07-13 13:42:23
in reply to nevent1q…6qd9
Author Public Key
npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgdPublished at
2024-07-13 13:42:23Event JSON
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