Figure charges 8.91%–11.5% APR with a 1% origination fee using custodial (figure markets mpc wallet, segregated). Debifi charges 10%–14% (P2P) APR with a 1.5% origination fee using collaborative multisig (3-of-4, borrower holds a key). See the full breakdown of rates, thresholds, and custody risk below.
Rates verified 2026-06-09
Figure offers a lower headline rate at 8.91%–11.5% compared to Debifi's 10%–14% (P2P). On a $1M loan held for 12 months, Figure saves $35,900 in total first-year cost (interest plus origination fees). From a custody perspective, Debifi presents lower counterparty risk with its collaborative multisig (3-of-4, borrower holds a key) model.
Figure structures rates by LTV ratio rather than loan amount, so the rate depends on how much collateral you pledge relative to the loan. Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Figure APR | Debifi APR | Figure Total Year-1 Cost | Debifi Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 8.91% | 12% | $9,910 | $13,500 | $3,590 with Figure |
| $250,000 | 8.91% | 12% | $24,775 | $33,750 | $8,975 with Figure |
| $500,000 | 8.91% | 12% | $49,550 | $67,500 | $17,950 with Figure |
| $1M | 8.91% | 12% | $99,100 | $135,000 | $35,900 with Figure |
| $5M | 8.91% | 12% | $495,500 | $675,000 | $179,500 with Figure |
Total year-1 cost includes annualized interest plus origination fees. Figure: 1% origination fee. Debifi: 1.5% origination fee. Debifi rates are set by the lending marketplace; the table uses a representative recent rate. Rates sourced from each lender's public rate pages as of 2026-06-09.
Figure and Debifi take fundamentally different approaches to collateral custody. Figure uses Custodial (Figure Markets MPC wallet, segregated). Your Bitcoin is held by Figure and could be at risk in the event of a hack, insolvency, or regulatory action. 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.
Figure triggers margin calls at 70% LTV and liquidates at 85% LTV. Debifi triggers margin calls at 75% LTV and liquidates at 90% LTV. Figure gives borrowers 24 hours to respond to a margin call. Debifi uses threshold-based triggers without a fixed response window.
| Threshold | Figure | Debifi |
|---|---|---|
| Max Starting LTV | 75% | 70% |
| Margin Call | 70% LTV | 75% LTV |
| Margin Call Window | 24 hours | Threshold-based |
| Liquidation | 85% LTV | 90% LTV |
Figure: 10.0 percentage point buffer between starting LTV (75%) and liquidation (85%). Debifi: 20.0 percentage point buffer between starting LTV (70%) and liquidation (90%). Debifi provides a wider safety margin.
Choosing between Figure and Debifi requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Figure uses custodial (figure markets mpc wallet, segregated) with 8.91%–11.5% APR, while Debifi uses collaborative multisig (3-of-4, borrower holds a key) with 10%–14% (P2P) APR.
On a $250,000 loan, Figure costs $24,775 in the first year versus $33,750 at Debifi, a difference of $8,975. Part of Debifi's higher cost comes from its 1.5% origination fee, which adds $3,750 upfront on this loan size.
The custody difference is material. Debifi uses collaborative multisig (3-of-4, borrower holds a key), which means your Bitcoin requires multiple key holders to coordinate, reducing single-point-of-failure risk. Figure uses custodial (figure markets mpc wallet, segregated). In a platform insolvency scenario, Debifi borrowers' collateral is protected by the multisig architecture, while Figure borrowers may face creditor claims.
Figure is the better fit for borrowers who need smaller loans or instant access. Debifi is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: Figure: 8.91% interest (9. Debifi: P2P marketplace — institutional lenders set rates per offer: typically 10-14% APR (observed range ~9.5-21.
Figure is cheaper. On a $500,000 loan held for 12 months, Figure costs $49,550 (8.91% APR + 1% origination fee) while Debifi costs $67,500 (12% APR + 1.5% origination fee). That is a $17,950 difference in the first year.
Figure uses custodial (figure markets mpc wallet, segregated). Debifi uses collaborative multisig (3-of-4, borrower holds a key). Debifi presents lower custody risk because your collateral requires coordination among multiple key holders.
Figure's minimum loan is $5,000. Debifi's minimum is $5,000. Both have the same minimum.
Figure issues a margin call at 70% LTV with a 24-hour response window and liquidates at 85% LTV. Debifi issues a margin call at 75% LTV (threshold-based, no fixed window) and liquidates at 90% LTV. Starting from a 50% LTV, Figure provides a 35-point buffer before liquidation, while Debifi provides a 40-point buffer.
It depends on your priorities. Figure (8.91%–11.5% APR, custodial (figure markets mpc wallet, segregated), min $5,000) is better for borrowers who value custodial (figure markets mpc wallet, segregated) and need smaller loan access. 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. 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.