Is this how it works? I lock up collateral to buy a computer. Let's say 2m sats. Lendasat buys it for me and I can pay it back at a later date when Bitcoin is worth more in USD terms. So when Bitcoin is 100k I can pay back 1.2m sats + your fee to get my collateral back.

What's the liquidation point? When LTV hits 80%? 90%?

13 sats \ 1 reply \ @lendasat OP 11 Jul

The liquidation point is reached once the collateral is not able to cover for the original principal + interests anymore.

Lets assume a LTV ratio of 67% and a loan of $5,000 at the market price of $65,000. You'd have to put up a collateral of $7,500 or 0,1154 btc.

If the price drops to $43,333, the collateral of 0,1154 would have reach an equal value of the original principal ($5,000), thus the liquidation point is reached.

This simple example ignores any fees and interest to be paid, what would change the liquidation price.

34 sats \ 0 replies \ @OT 11 Jul

67% seems quite low. Ledn is around 80%, and hodlhodl is around 90%.

How long are the loans? Years?

86 sats \ 3 replies \ @DarthCoin 11 Jul

Better option: stack harder, NEVER go into debt and pay when you have enough. https://m.stacker.news/39161

34 sats \ 1 reply \ @TNStacker 11 Jul

https://m.stacker.news/39170

44 sats \ 0 replies \ @lendasat OP 11 Jul

Friends don’t let friends sell their bitcoin. https://m.stacker.news/39217

13 sats \ 0 replies \ @lendasat OP 11 Jul

Sometimes, you need something now

And it's not the best time to spend. https://m.stacker.news/39221

34 sats \ 3 replies \ @Fabs 11 Jul

I don't fully understand it yet, but it does look promising! The fees are between one- and two percent and one-time? Or per month?

Is there going to be some sort of calculator?

13 sats \ 1 reply \ @lendasat OP 11 Jul

There is going to be an originator fee of 1-2% and an interest e.g. 1% on the loan. The originator fee is only to be paid once and the interest is to be paid on a monthly basis.

Is there going to be some sort of calculator?

We don't have one yet, but if you search for loan calculator you may find many useful resources.

34 sats \ 0 replies \ @Fabs 11 Jul

Awesome, I'll keep a very close eye on this one.

13 sats \ 0 replies \ @lendasat OP 11 Jul

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34 sats \ 3 replies \ @random_ 11 Jul

I think get the concept behind the ad (please correct me if I'm wrong): don't delay instant gratification, delay instant payment.

But maybe you could flip it on its head: layaway and save. (Did you know you can decrease time preference of payment, without sacrifice?)

13 sats \ 2 replies \ @lendasat OP 11 Jul

Sometimes, you need something immediately, but it might not be the best time to spend.

34 sats \ 1 reply \ @random_ 11 Jul

Can repayment be made in USD and BTC?

If that's the case, no matter which way bitcoin moves, the buyer can save.

13 sats \ 0 replies \ @lendasat OP 11 Jul

Lendasat is a Bitcoin-only product.

Your invoice is instantly paid with Bitcoin, and the repayment is made in Bitcoin.

No fiat or stable coin involved.

21 sats \ 1 reply \ @Coinsreporter 11 Jul

You can buy such shoes from me in only 35000 Sats!

Tomorrow, can be in 30000 Sats!

13 sats \ 0 replies \ @lendasat OP 11 Jul

I could buy it from you now, and pay later 😎

Learn more at: https://www.lendasat.com