Post
Topic
Board Bitcoin Discussion
Re: Bitcoin backed loans
by
Smartvirus
on 22/05/2024, 19:43:15 UTC
I looked around several DeFi platforms where I can lock wrapped BTC and get stablecoins, also looked to companies like SALT and Unchained.
I haven’t been really into the loan taking thing but, it would be interesting to know how some of these processes go and so,

When you talk about wrapped BTC loans, you mean like, a system in which, you would have like a multi sig with the company in question, where by your BTC eventually serves as a collateral but, not one that would be taken after a period but rather, one that would propel you to pay and get full custody of your coin. Also, you get to pay interest on what you got from the loaned USDT, I got that right, did I?