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5 sats \ 1 reply \ @BlokchainB 6 Apr \ on: Debifi: Bitcoin-Backed Self-Custodial Loans Without Rehypothecation bitcoin
Loan amounts on Debifi generally start from about $5,000, and the rates hover between 10-20%.
Terrible rates. So many places in fiat land a person can get 0% up to 12 months on a fee of 4% of amount borrowed
Besides that what is the workflow from going to stables to paying a fiat bill. Does the borrower get USDC and has to go to Robinhood or coinbase to swap to Fed tokens to pay the mortgage bill?
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137 sats \ 0 replies \ @teemupleb OP 6 Apr
Something like that.
Some lenders on Debifi can pay the fiat amount directly to the borrower via a bank transfer.
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