Unchained has achieved a significant milestone by surpassing $1 billion in bitcoin-backed loan originations, with a history of over 4,000 loans issued over nine years. This success underscores the company's commitment to transparency and security in bitcoin lending. By allowing clients to verify collateral on-chain and retaining control through a 2-of-3 multisignature vault, Unchained avoids rehypothecation, maintaining client trust. Interest in bitcoin-backed lending is expected to rise, with models focusing on transparency gaining traction, further aligning with the needs of long-term bitcoin holders. Recent reductions in APRs aim to enhance competitive borrowing options for clients.
"Hitting $1 billion in originations is a milestone, but the bigger story is how we got here: nine years, full transparency to our borrowers, and no smoke and mirrors."
"Bitcoin-backed lending is a fantastic business squarely aligned with the needs of long-term bitcoin holders. Our commitment to non-rehypothecation and transparency are invaluable to our clients who need to understand the risks of borrowing against bitcoin."
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