Compare Lygos to Other Bitcoin Lenders
See how non-custodial, DLC-secured Bitcoin loans compare to custodial and multisig alternatives across pricing, security, and fees.
Last updated March 2026
| Feature | Lygos | Ledn | Nexo | Unchained |
|---|---|---|---|---|
| APR | 10% | 9.99–11.49% | 2.9%+ (tier) | 14.18% |
| Origination Fee | $0 | 2% admin fee | N/D | 2% |
| Min Loan | $50K | $500 | $50 | $150K |
| Custody | Non-custodial (DLC) | Custodial | Custodial | 2-of-3 multisig |
| Rehypothecation | 0% (impossible) | Yes (B2X) | Yes | No |
| Technology | DLC (Bitcoin-native) | Centralized | Centralized | Multisig (manual) |
| Best For | $50K–$50M, security-first | Small loans, convenience | Token holders, low rates | DIY multisig users |
APR
Lygos
10%
Ledn
9.99–11.49%
Nexo
2.9%+ (tier)
Unchained
14.18%
Origination Fee
Lygos
$0
Ledn
2% admin fee
Nexo
N/D
Unchained
2%
Min Loan
Lygos
$50,000
Ledn
~$500
Nexo
~$50
Unchained
$150,000
Custody
Lygos
Non-custodial (DLC)
Ledn
Custodial
Nexo
Custodial
Unchained
Collaborative multisig
Rehypothecation
Lygos
0%
Ledn
Yes (B2X)
Nexo
Yes
Unchained
No
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Why Comparing Bitcoin Lenders Matters
Interest rates compound fast
A 2-percentage-point APR difference on a $500,000 loan means over $10,000 in extra interest per year.
Custody model matters
Custodial platforms like Ledn and Nexo take possession of your BTC. Non-custodial platforms use DLCs to lock collateral on-chain.
Rehypothecation risk
Some lenders lend out your deposited Bitcoin to generate yield, exposing your collateral to third-party default risk.
Minimums vary widely
Unchained requires $150,000 minimum. Lygos starts at $50,000 with the same institutional-grade security.
Lygos vs. Every Lender
Lygos vs. Ledn
Lygos at 10% APR vs. 9.99%–11.49%
- •Lygos: 10% APR, $0 fees, non-custodial
- •Ledn: 9.99%–11.49% APR, 2% fee, custodial
Lygos vs. SALT
Lygos at 10% APR vs. 9.95%–14.45%
- •Lygos: 10% APR, $0 fees, non-custodial
- •SALT: 9.95%–14.45% APR, $0 fees, custodial
Lygos vs. Nexo
Lygos: no rehypothecation vs. Nexo's custodial model
- •Lygos: 10% APR, $0 fees, non-custodial
- •Nexo: 6.9%–18.9% APR, $0 fees, custodial
Lygos vs. Arch
Lygos at 10% APR vs. 8.49%–11%
- •Lygos: 10% APR, $0 fees, non-custodial
- •Arch: 8.49%–11% APR, 1.5% fee, custodial
Lygos vs. Strike
Lygos at 10% APR vs. 7.49%–10.5%
- •Lygos: 10% APR, $0 fees, non-custodial
- •Strike: 7.49%–10.5% APR, $0 fees, custodial
Lygos vs. Figure
Figure at 9.99%–12.62% APR vs. 10%
- •Lygos: 10% APR, $0 fees, non-custodial
- •Figure: 9.99%–12.62% APR, 1% fee, mpc custody
Lygos vs. Unchained
Lygos at 10% APR vs. 14%–15%
- •Lygos: 10% APR, $0 fees, non-custodial
- •Unchained: 14%–15% APR, 2% fee, collaborative multisig
Cross-Lender Comparisons
Compare any two Bitcoin lenders head-to-head, including competitors against each other.
Ledn vs. SALT
9.99%–11.49% vs. 9.95%–14.45% APR
Ledn vs. Nexo
9.99%–11.49% vs. 6.9%–18.9% APR
Ledn vs. Arch
9.99%–11.49% vs. 8.49%–11% APR
Ledn vs. Strike
9.99%–11.49% vs. 7.49%–10.5% APR
Ledn vs. Figure
9.99%–11.49% vs. 9.99%–12.62% APR
Ledn vs. Unchained
9.99%–11.49% vs. 14%–15% APR
SALT vs. Nexo
9.95%–14.45% vs. 6.9%–18.9% APR
SALT vs. Arch
9.95%–14.45% vs. 8.49%–11% APR
SALT vs. Strike
9.95%–14.45% vs. 7.49%–10.5% APR
SALT vs. Figure
9.95%–14.45% vs. 9.99%–12.62% APR
SALT vs. Unchained
9.95%–14.45% vs. 14%–15% APR
Nexo vs. Arch
6.9%–18.9% vs. 8.49%–11% APR
Nexo vs. Strike
6.9%–18.9% vs. 7.49%–10.5% APR
Nexo vs. Figure
6.9%–18.9% vs. 9.99%–12.62% APR
Nexo vs. Unchained
6.9%–18.9% vs. 14%–15% APR
Arch vs. Strike
8.49%–11% vs. 7.49%–10.5% APR
Arch vs. Figure
8.49%–11% vs. 9.99%–12.62% APR
Arch vs. Unchained
8.49%–11% vs. 14%–15% APR
Strike vs. Figure
7.49%–10.5% vs. 9.99%–12.62% APR
Strike vs. Unchained
7.49%–10.5% vs. 14%–15% APR
Figure vs. Unchained
9.99%–12.62% vs. 14%–15% APR
Frequently Asked Questions
Nexo advertises rates starting at 2.9%, but that rate requires holding large amounts of NEXO tokens and meeting loyalty tier requirements. Without tokens, rates are significantly higher. Lygos offers a flat 10% APR with no token requirements, no origination fees, and non-custodial DLC security.
In a non-custodial model, the lender never takes possession of your BTC. Lygos uses Discreet Log Contracts (DLCs) to lock collateral on the Bitcoin blockchain itself. All loan outcomes are cryptographically pre-signed before collateral is committed, and neither party can unilaterally move funds. This eliminates the custodial risk that caused losses at Celsius and BlockFi.
Minimum loan amounts vary by lender. Nexo starts at $50, Ledn at $500, and Unchained requires $150,000. Lygos has a $50,000 minimum with the same institutional-grade DLC security available up to $50,000,000, making it accessible to individual holders while scaling to institutional borrowers.
Find the right Bitcoin lender for you
10% APR, $0 origination fees, and DLC-secured collateral. Compare the details that matter.