In the US if you have a big expense there are tax advantages to borrowing against your Bitcoin instead of selling it.
But the current 2 lending options I know of, Ledn and Unchained, have 15%+ APR, which is basically cost prohibitive.
If interest rates were lower, would you consider using a Bitcoin lending service, even if you had to send your Bitcoin to a custodian?
What features would you ideally want in a Bitcoin lending service that don't exist with the current options?
The ability to cross collateralize with other assets owned; real estate, metals, collectibles, etc. It would be difficult to underwrite and document but I think most people looking for this type of facility are those who wouldn’t want to liquidate their BTC holdings unless absolutely necessary
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Interesting, never thought about this but it makes sense...
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What LTV would you consider favorable?
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