Lygos charges 10% APR with $0 origination fees using non-custodial (dlc). 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
Lygos offers a lower headline rate at 10% compared to Debifi's 10%–14% (P2P). On a $1M loan held for 12 months, Lygos saves $35,000 in total first-year cost (interest plus origination fees). From a custody perspective, Lygos presents lower counterparty risk with its non-custodial (dlc) model.
Total year-1 cost includes both annualized interest and any origination fees charged upfront.
| Loan Size | Lygos APR | Debifi APR | Lygos Total Year-1 Cost | Debifi Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $100,000 | 10% | 12% | $10,000 | $13,500 | $3,500 with Lygos |
| $250,000 | 10% | 12% | $25,000 | $33,750 | $8,750 with Lygos |
| $500,000 | 10% | 12% | $50,000 | $67,500 | $17,500 with Lygos |
| $1M | 10% | 12% | $100,000 | $135,000 | $35,000 with Lygos |
| $5M | 10% | 12% | $500,000 | $675,000 | $175,000 with Lygos |
Total year-1 cost includes annualized interest plus origination fees. Debifi: 1.5% origination fee. Lygos: $0 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.
Lygos and Debifi take fundamentally different approaches to collateral custody. Lygos uses Non-custodial (DLC). Your Bitcoin is locked on the Bitcoin blockchain in a smart contract. Neither Lygos nor any third party can access or move your collateral. 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.
Lygos triggers margin calls at 70% LTV and liquidates at 85% LTV. Debifi triggers margin calls at 75% LTV and liquidates at 90% LTV.
| Threshold | Lygos | Debifi |
|---|---|---|
| Max Starting LTV | 70% | 70% |
| Margin Call | 70% LTV | 75% LTV |
| Margin Call Window | Threshold-based | Threshold-based |
| Liquidation | 85% LTV | 90% LTV |
Lygos: 15.0 percentage point buffer between starting LTV (70%) and liquidation (85%). Debifi: 20.0 percentage point buffer between starting LTV (70%) and liquidation (90%). Debifi provides a wider safety margin.
The choice between Lygos and Debifi comes down to three factors: total cost, custody architecture, and who the platform is designed for. Lygos serves borrowers from $50,000 to $50,000,000 with a single transparent rate and non-custodial DLC security. Debifi serves a broader range starting from $5,000, using collaborative multisig (3-of-4, borrower holds a key).
On a $250,000 loan, Lygos costs $25,000 in the first year versus $33,750 at Debifi, a difference of $8,750. Part of Debifi's higher cost comes from its 1.5% origination fee, which adds $3,750 upfront on this loan size. Lygos charges no origination fee, so the only cost is interest.
The custody difference is material. Lygos uses non-custodial (dlc), which means your Bitcoin is locked on the Bitcoin blockchain in a smart contract where no party can access it. Debifi uses collaborative multisig (3-of-4, borrower holds a key). In a platform insolvency scenario, Lygos borrowers' collateral is protected by the Bitcoin protocol, while Debifi borrowers may face creditor claims.
Lygos is the better fit for borrowers who prioritize non-custodial security, want a single transparent rate, and are borrowing $50,000 or more. Debifi 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.
Lygos is cheaper. On a $500,000 loan held for 12 months, Lygos costs $50,000 (10% APR) while Debifi costs $67,500 (12% APR + 1.5% origination fee). That is a $17,500 difference in the first year.
Lygos uses non-custodial (dlc). Debifi uses collaborative multisig (3-of-4, borrower holds a key). Lygos presents lower custody risk because your collateral is locked on the Bitcoin blockchain where no party can access it.
Lygos's minimum loan is $50,000. Debifi's minimum is $5,000. Debifi is more accessible for smaller borrowers.
Lygos issues a margin call at 70% LTV (threshold-based, no fixed 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, Lygos provides a 35-point buffer before liquidation, while Debifi provides a 40-point buffer.
It depends on your priorities. Lygos (10% APR, non-custodial (dlc), min $50,000) is better for borrowers who prioritize non-custodial security and want a flat transparent rate. 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.
See why borrowers choose Lygos over Debifi for Bitcoin-backed liquidity without custody risk.