1/ Bitcoin dropped 30% in a day.
Every BTC-backed loan liquidated their borrowers.
Sold their collateral. Kept the proceeds. Sent them a receipt.
Legal. Expected. Baked into the architecture.
Some new platforms tried to fix the custody problem.
None of them fixed the liquidation problem.
We did. Welcome to https://t.co/cCTGJhi98i ๐
Not 'lower risk.' Not 'better parameters.'
Not 'we'll warn you first.'
Structurally. By design.
@_genk__@Satflow Great idea, Iโll open a ticket on our discord. Hereโs the link if anyone else has any ideas to share. ๐
https://t.co/PaAHujZNgX
Most crypto loans have one setting when BTC dips: liquidated.
Bound loans have another option.
Keep the cash. Walk away. No liquidations. Ever.
https://t.co/n23TDchPe9 ๐
Our goal at Bound is to make your life easier.
A single account for all your onchain activity
A single account to hold native Bitcoin alongside your other investments
A single account for everything you do, secured only by you.