It's not up to them. As I understand, LEDN is simply a bridge between lenders and borrowers. The lenders are the ones who set the interest rates. Strike is the same. They charge 13% and as low as 10.5% if you barrow 5.5 million. It’s all dictated by the market.
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Well that’s stupid.
They are literally paying banks interest on money they can print out of thin air, and then charging Bitcoiners on top of that to “service” the loan.
Might as well go to the bank yourself, defeats the whole purpose of using “Bitcoin backed loans”