I'm a long time hodler, but I need some cash now, so I'm thinking of looking into borrowing against my Bitcoin. Obviously I don't want another Celsius situation, but I'm trying to understand if there's any more credible options around.
I did a search and found SALT, which I know from before, but their APR rates are ridiculous. But then I found this one.
It's apparently a trustless and decentralized way of borrowing up against your Bitcoin with 0% interest, which sounds incredible. The ratio is 110%, which works fine for me. I'm just wondering if this is as good as it seems, or if there are any major downsides, or any better options I should know about?
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