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from banks right? banks are lending $100 for every $10 of book assets, so they can offer a lower than market rate.
No one that actually had to earn the money would risk it for 5%
True market interest rates are probably 10-13%, if currency is inflating at 8%, the risk premium is 2-5% which seems about right for a low risk loan.
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Where can they borrow at 6%? Maybe if banks start offering loans but I think Strike is juat a maker and 11% is what they have to offer...just my limited understanding though. Not the cheapest source of fiat credit but if you are tapped on the HELOC and other cheaper options...it works great