Using BTC collateral to borrow USD and buy more bitcoin.

Loans on hodlhodl and Ledn only go up to 1 year. I guess in hindsight I was influenced by Saylor. It was working well until it wasn't. At $50k I didn't think it would ever break $20k. It did and I got liquidated.

So the lesson was a good one. Lucky I didn't bet my whole stack and learned to DCA.

So for me to do this again I'd need enough collateral for a 90% drawdown and a loan that lasts for 5-10 years. Interest rates would have to come down too. Maybe 5% or so.

I'm using Binance for now but looking to moving it out

Exchange allowed me to use Bitcoin as collateral, since we where in the bear market the risk of being liquidated was low.

Exchange was www.buda.com

I think just more lenders realising the value of BTC as collateral and how easy it is to make loans against it (can do it all online and even without having to know the identity of the debtor or check their credit worthiness). And once they realise this, them looking at how good the returns presently are as a creditor. Right now as a lender you can get 15% p.a. and up for loaning out USD, basically risk free.

Competition between a greater number of lenders should then start bringing those interest rates down to where it's still an attractive return but not as high as presently.

The asset class gets bigger, more liquidity so less vol, so people don't need to have have so much spare collateral in case it rips down like 50%, specialised institutions that focus on a use case, home loans, car loans etc.

the more options, the more we can figure out a market rate for loans in each sector, IE 3% for homes, %5 for cars etc 10% for short term loan and also from a tech stand point escrow services that can support on-chain, lightning etc