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Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
Strike has introduced 'volatility-proof' Bitcoin loans to avoid margin calls and forced liquidations during a bear market. The loans require an interest rate of up to 14.2% and strict on-time payments, as stated by CEO Jack Mallers.
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Adjacent reporting
- Jack Mallers’ Strike launches ‘volatility-proof’ bitcoin loans built to protect against liquidation
- Home Buyers Hit as Bond Rout Drives Rates Higher
- Why DeFi lending needs an "external circuit breaker" to prevent cascading liquidations
- Tom Lee said at Consensus this week that if BTC closes May above $76K, the bear market is over. It's at $82K right now. He also said half the world's biggest banks will be crypto-native in 10 years. Curious what people think about that.
- RedStone launches settlement layer to address RWA liquidity gap in DeFi lending