90 sats \ 9 replies \ @ama 29 Jan \ on: Where can one get a line of credit using BTC as collateral? bitcoin
https://sovryn.app/borrow/line-of-credit
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Yes, you don't pay any interest (0%) for as long as you want. You get ZUSD, that can be converted to others on the dex.
What I don't know is how to get fiat into your bank account (to buy a house or something) and prove it's a credit, to not incurre on a taxable event.
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Because ZUSD is backed by BTC, your collateral, not by USD like the usual stablecoins. Nobody's actually lending the money, it's actually your own.
If you pay it back in 20 years, you get your collateral back in 20 years, or you could keep borrowing more ZUSD when the collateral BTC goes up in price.
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there's also the more classic APY based https://sovryn.app/borrow/fixed-interest
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