A small but growing impact a loan book of $600 may seem modest, but for a community driven experiment, it demonstrates a proof of concept, showing that this model could scale if trust and liquidity grow.

Stackernerd

I hate stables as much as the next person but I do recognize stables are a step level improvement over the fractional reserve banking that is the current status quo.

My goal is to kill usury and offer interest free loans to those individuals who managed to earn bitcoin and put up enough of the hard asset to get a loan to take care of fiat denominated costs in the hopes of not having to sell their sats and more importantly stack more for savings.

So far the loan book is up to $600 in fiat

Issuing a new loan for up to $200 with $10 increments for 365 days

AT THE END OF THE LOAN I WILL PAY BACK THE 1% APR THAT IS CHARGED

The 1% fee is captured by lendasat which pays for the operation of the platform.

Christianity

I hate stables as much as the next person but I do recognize stables are a step level improvement over the fractional reserve banking that is the current status quo.

My goal is to kill usury and offer interest free loans to those individuals who managed to earn bitcoin and put up enough of the hard asset to get a loan to take care of fiat denominated costs in the hopes of not having to sell their sats and more importantly stack more for savings. 

So far the loan book is up to $600 in fiat 

![](https://m.stacker.news/136892)

Issuing a new loan for up to $200 with $10 increments for 365 days

![](https://m.stacker.news/136893)

## AT THE END OF THE LOAN I WILL PAY BACK THE 1% APR THAT IS CHARGED

The 1% fee is captured by lendasat which pays for the operation of the platform.

AT THE END OF THE LOAN I WILL PAY BACK THE 1% APR THAT IS CHARGEDAT THE END OF THE LOAN I WILL PAY BACK THE 1% APR THAT IS CHARGED