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42 sats \ 8 replies \ @Bell_curve 12 Jul \ on: Have you ever borrowed against your bitcoin to get goods or cash? bitcoin
I looked into Ledn but didn't pull the trigger.
I looked at Nexo but the interest rate is 19%
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34 sats \ 5 replies \ @grayruby 12 Jul
I used ledn for B2X loan before they rugged the Canadian plebs so they could buy a shitcoin fund.
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33 sats \ 4 replies \ @lendasat OP 12 Jul
Lendasat is building a non-custodial solution, with no counterparty risk.
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34 sats \ 3 replies \ @grayruby 12 Jul
Looking forward to learning more and trying out when the product is done.
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43 sats \ 2 replies \ @lendasat OP 12 Jul
You can read more and sign up for early access here: https://www.lendasat.com
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41 sats \ 1 reply \ @Bell_curve 12 Jul
Is there a minimum amount to borrow?
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33 sats \ 0 replies \ @lendasat OP 12 Jul
Probably something around 10usd worth of bitcoin
#602605
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13 sats \ 1 reply \ @lendasat OP 12 Jul
Thank you for your insight.
Our goal is to create the best user experience while offering an instant and non-custodial service.
A 19% interest rate seems quite high; a market-driven interest rate would likely be more reasonable.
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21 sats \ 0 replies \ @Bell_curve 12 Jul
90 day treasury yield as a benchmark
Regarding Nexo you can get a single digit interest rate if you stake some of their alt coins!!!
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