mleonardi247 on Nostr: Not planning to do this anytime soon BUT been looking into the current state of ...

Not planning to do this anytime soon BUT been looking into the current state of #Bitcoin  lending. UnchainedCapital.com and Ledn.io are two very reputable companies in the space IMHO. As a HODLer these rates seem CRAZY high.

I am assuming that these lending rates are high to support degen-leverage trading. As I would be utilizing this more for working capital/liquidity type activities, it seems the current state of #Bitcoin  lending is NOT meant for more positive use cases. Sincerely asking.

These loan terms were taken off their respective websites today, Feb 17th with a current #Bitcoin  price about $51,200 as a point of reference. It is like getting a collateralized loan at WORSE than uncollateralized loans rates. Might as well just get a fiat bank loan; right? Am I looking at this wrong? Any and all comments are welcome.