First reported by Cointelegraph
Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
Jack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidations
By
Jamie Redman
2h agoen
Source
news.bitcoin.comJack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidationsbitcoin.comStrike CEO Jack Mallers rolled out a new bitcoin-backed loan product on July 7 that removes price-triggered liquidations from the loan term entirely. The product, called volatility-proof loans, lets borrowers keep their bitcoin in place no matter how far the price falls, as long as they keep making payments. Mallers posted the announcement on X: […]
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