Debifi charges 10%–14% (P2P) APR with a 1.5% origination fee using collaborative multisig (3-of-4, borrower holds a key). Surge Credit charges 6.9% variable / 9.9% fixed APR with $0 origination fees using collaborative multisig (taproot vault, 3-of-4 signer network). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-06-09
Surge Credit advertises a lower headline rate at 6.9% variable / 9.9% fixed compared to Debifi's 10%–14% (P2P). On a $1M loan held for 12 months, Surge Credit saves $36,000 in total first-year cost (interest plus origination fees).
Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Debifi APR | Surge Credit APR | Debifi Total Year-1 Cost | Surge Credit Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 12% | 9.9% | $13,500 | $9,900 | $3,600 with Surge Credit |
| $250,000 | 12% | 9.9% | $33,750 | $24,750 | $9,000 with Surge Credit |
| $500,000 | 12% | 9.9% | $67,500 | $49,500 | $18,000 with Surge Credit |
| $1M | 12% | 9.9% | $135,000 | $99,000 | $36,000 with Surge Credit |
| $5M | 12% | 9.9% | $675,000 | $495,000 | $180,000 with Surge Credit |
Total year-1 cost includes annualized interest plus origination fees. Debifi: 1.5% origination fee. Debifi rates are set by the lending marketplace; the table uses a representative recent rate. Surge Credit rates are variable; the table uses a representative recent rate. Rates sourced from each lender's public rate pages as of 2026-06-09.
Both Debifi and Surge Credit use similar custody approaches: collaborative multisig (3-of-4, borrower holds a key) and collaborative multisig (taproot vault, 3-of-4 signer network) respectively. Debifi uses Collaborative multisig (3-of-4, borrower holds a key). Multiple key holders must coordinate to move funds, reducing single-point-of-failure risk but still requiring trust in the key coordination process. Surge Credit uses Collaborative multisig (Taproot vault, 3-of-4 signer network). Multiple key holders must coordinate to move funds, reducing single-point-of-failure risk but still requiring trust in the key coordination process.
Debifi triggers margin calls at 75% LTV and liquidates at 90% LTV. Surge Credit has no margin-call mechanism: positions become liquidatable automatically the moment LTV crosses 90%, with no warning threshold or response window.
| Threshold | Debifi | Surge Credit |
|---|---|---|
| Max Starting LTV | 70% | 50% |
| Margin Call | 75% LTV | None |
| Margin Call Window | Threshold-based | None — automated liquidation |
| Liquidation | 90% LTV | 90% LTV |
Debifi: 20.0 percentage point buffer between starting LTV (70%) and liquidation (90%). Surge Credit: 40.0 percentage point buffer between starting LTV (50%) and liquidation (90%). Surge Credit provides a wider safety margin.
Choosing between Debifi and Surge Credit requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Debifi uses collaborative multisig (3-of-4, borrower holds a key) with 10%–14% (P2P) APR, while Surge Credit uses collaborative multisig (taproot vault, 3-of-4 signer network) with 6.9% variable / 9.9% fixed APR.
On a $250,000 loan, Surge Credit costs $24,750 in the first year versus $33,750 at Debifi, a difference of $9,000. Part of Debifi's higher cost comes from its 1.5% origination fee, which adds $3,750 upfront on this loan size. Surge Credit charges no origination fee, so the only cost is interest.
Both platforms use similar custody approaches. Debifi operates via collaborative multisig (3-of-4, borrower holds a key), and Surge Credit uses collaborative multisig (taproot vault, 3-of-4 signer network). Neither platform rehypothecates borrower collateral.
Debifi is the better fit for borrowers who need smaller loans or instant access. Surge Credit is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: Debifi: P2P marketplace — institutional lenders set rates per offer: typically 10-14% APR (observed range ~9.5-21. Surge Credit: Revolving BTC-backed USDC credit line on Base — launched 2026, early-stage. Variable rate from 6.
Surge Credit is cheaper. On a $500,000 loan held for 12 months, Debifi costs $67,500 (12% APR + 1.5% origination fee) while Surge Credit costs $49,500 (9.9% APR). That is a $18,000 difference in the first year.
Debifi uses collaborative multisig (3-of-4, borrower holds a key). Surge Credit uses collaborative multisig (taproot vault, 3-of-4 signer network). Both platforms present similar custody risk profiles.
Debifi's minimum loan is $5,000. Surge Credit has no minimum. Surge Credit is more accessible for smaller borrowers.
Debifi issues a margin call at 75% LTV (threshold-based, no fixed window) and liquidates at 90% LTV. Surge Credit has no margin call — positions are liquidated automatically the moment LTV crosses 90%. Starting from a 50% LTV, Debifi provides a 40-point buffer before liquidation, while Surge Credit provides a 40-point buffer.
It depends on your priorities. Debifi (10%–14% (P2P) APR, collaborative multisig (3-of-4, borrower holds a key), min $5,000) is better for borrowers who value collaborative multisig (3-of-4, borrower holds a key) and need smaller loan access. Surge Credit (6.9% variable / 9.9% fixed APR, collaborative multisig (taproot vault, 3-of-4 signer network), no minimum) is better for borrowers who value collaborative multisig (taproot vault, 3-of-4 signer network) and need smaller loan access. Use the rate table and cost comparison above to model your specific scenario.
Lygos offers 10% APR, $0 origination fees, and DLC-secured collateral where rehypothecation is cryptographically impossible.