cap
@CapApp
Private credit marketplace
Joined August 2024
11 Following 23.2K Followers
Lombard’s Bitcoin Onchain Credit Strategy is funded underwriting in practice.
By providing sound judgement, Lombard earns a premium.
Credit is evolving and Cap is leading the way.
Credit is the latest addition to Lombard's suite of yield opportunities. Bitcoin Onchain Credit Strategy (BTCoc) launched two months ago.
BTCoc posts LBTC as collateral on @symbioticfi to underwrite a USDC credit line from @CapApp to @FlowTraders.
In two months we scaled to $45m, generating close to 2% net APY on Bitcoin. As LBTC scales it's underlying active allocation managed by @Bitwise, the strategy targets 4% net.
Bitcoin will win.
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