Don McAllister
@donmcallister
Creator of Wedding Player App -
3.2K Following 9.5K Followers
Good move from @hodlwithLedn
From 9 Nov, if a bitcoin-backed loan hits 80% LTV, they won't close it any more. They sell just enough bitcoin to bring it back to 65%, and the loan stays open.
On top of that:
No margin calls, ever
Auto Top-Up from bitcoin you already hold
Repay any time, no early repayment penalty
No liquidation or top-up fee, and a 0.5% spread only on bitcoin actually sold
If you plan to hold for a decade and borrow against it, this is how a lender should work.
My view, not advice.
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