Bitcoin & the Future of Collateral
summary
Argues Bitcoin is unusually good collateral because it trades 24/7, is divisible and globally liquid; a platform example loans up to 50% LTV with a 7.9% interest rate, 2% fee and interest-only accrual, liquidating at ~80% LTV. Features include Auto top-up that pulls from on-platform USDC/BTC savings to avoid forced sales. Half of loans go to Latin America; platforms run proof-of-reserve audits every six months, pay ~8% to USDC depositors who fund loans, avoid risky non-Bitcoin collateral, and claim they walked through recent market stress unscathed.
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chapters (5)
- 0:00Start
- 0:33Why Is Bitcoin Such a Good Piece of Collateral
- 4:22Auto Top Ups
- 4:49Trends on Accessibility
- 16:07The Bitcoin Mortgage
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