"Don't trust, Verify"
This is one of the core reasons we sought to clarify our loan customers CGT obligations.
We believed from the start that our loans would not trigger a CGT event but belief without fact is more akin to a fairytale than having real substance.
Enter @harrydelltaxlaw , he shared our belief and with his help we were able to get a private ruling with him as the guinea pig.
We didn't want to sit and wait, we wanted to press forward and provide confidence, not for just us and our customers but the industry as a whole.
Harry's expertise and guidance was crucial to outcome, and we thank him and the team at Cadena Legal for getting us there.
Your Bitcoin deserves the best parking spot possible, other lenders don't give it the respect it deserves.
Individual cold storage
Insured assets
No Commingling
No Rehypothecation
#Bitcoin
For years Australian Bitcoin holders faced a choice: complex self-custody, or platforms not built to last.
Introducing Vield Safekeeping โ insured, no rehypothecation, no commingling. Built for individuals, families, SMSFs & businesses.
Infrastructure for generational wealth. ๐ฆ๐บ
#Bitcoin
Rehypothecation is when a lender takes your Bitcoin and lends it out again to generate extra profit.
Many crypto failures happened because assets were reused multiple times across the market.
At Vield, we don't rehypothecate, don't commingle funds, and don't lend client Bitcoin to third parties.
We believe transparency and security matter more than chasing extra yield. ๐ โฟ
In 2022, two Australian Bitcoiners wanted to borrow against their BTC without selling it.
What they found was rehypothecation, opaque lending structures and too much counterparty risk.
Bitcoin was built on "don't trust, verify." Lending should be no different.
So Johnny Phan and Alex Dauphin built Vield.
Today we've:
โข Originated $50M+ in loans
โข Secured a $20M debt facility
โข Obtained an ATO private ruling on eligible loan structures
โข Been featured by AFR, ABC and Channel 7
The mission hasn't changed:
Help Australians access liquidity from their Bitcoin without selling their stack.
Regulated. Transparent. No rehypothecation.
@Obfooified@QLD_HODL@blockearner Cheers for the mention. We're a open book about everything. 13% is more than we'd like to offer, it really comes down to how much it costs to fund the loans without having to resort to rehypothecation.
Hopefully in future funding rates get better and we can bring that down.
G'darvo Binancians โ๏ธ
Tune in tomorrow at 11:30am AEDT for Episode 33 of Binance Beach, hosted by @liamodoh
Bitcoin Finance aficionado @ChantraHang of Vield joins us to chat about Bitcoin adoption!
We'll cover:
- Is Bitcoin adoption decoupling from crypto? ๐ค
- How can Bitcoin be used in personal finance, beyond loans and as a store of value? ๐ฐ
- How will Bitcoin-backed products evolve? ๐ซ
- & Much more!
Streamed live on YouTube, Instagram and right here on X! ๐ฅ
Bitcoin vs the rest of crypto โ๏ธ
@ChantraHang shares his thoughts on how the "grandfather" coin stacks up against the rest of the cryptocurrency market ๐ง
Check out the full video below ๐
How can you view Bitcoin Volatility?
@ChantraHang shares his thoughts on Bitcoin's volatility and how long-term thinking can help you keep a level head! ๐ง
Check out the full video below ๐