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30 sats \ 3 replies \ @sirstackalot 9h \ parent \ on: Are Some Whales Abandoning Self Custody? bitcoin
Can you please ELI5?
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0 sats \ 2 replies \ @SimpleStacker 5h
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)
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0 sats \ 1 reply \ @justin_shocknet 5h
You can borrow 75k
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0 sats \ 0 replies \ @SimpleStacker 5h
That would make it 75% LTV, no?
5% APR 75% LTV is actually really good, almost like a mortgage.
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