The most used product among bitcoiner in Asia every cycle , borrow against bitcoin for daily expenses and other beta investments. CEX offers ~7% APY (flexible), while equity-first platforms give ~4% but with longer lockups. LTVs around 70%.. Surprisingly, not many of us use DeFi. Even I prefer CEXs it’s just much easier without this bridge that bridge this wallet that wallet …but with kyc and some crazy cex internally screening , this demand for defi version of this might increase …
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