Unchained charges 14%–15% APR with a 2% origination fee using collaborative multisig (2-of-3). 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 2026-05-14
Debifi advertises a lower headline rate at 10%–14% (P2P) compared to Unchained's 14%–15%. On a $1M loan held for 12 months, Debifi saves $25,000 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 | Unchained APR | Debifi APR | Unchained Total Year-1 Cost | Debifi Total Year-1 Cost | Savings |
|---|---|---|---|---|---|
| $250,000 | 14% | 12% | $40,000 | $33,750 | $6,250 with Debifi |
| $500,000 | 14% | 12% | $80,000 | $67,500 | $12,500 with Debifi |
| $1M | 14% | 12% | $160,000 | $135,000 | $25,000 with Debifi |
| $5M | 14% | 12% | $800,000 | $675,000 | $125,000 with Debifi |
Total year-1 cost includes annualized interest plus origination fees. Unchained: 2% 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 2026-05-14.
Both Unchained and Debifi use similar custody approaches: collaborative multisig (2-of-3) and collaborative multisig (3-of-4, borrower holds a key) respectively. Unchained uses Collaborative multisig (2-of-3). Multiple key holders must coordinate to move funds, reducing single-point-of-failure risk but still requiring trust in the key coordination process. 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.
Unchained triggers margin calls at 67% LTV and liquidates at 83% LTV. Debifi triggers margin calls at 75% LTV and liquidates at 90% LTV. Unchained gives borrowers 24 hours to respond to a margin call. Debifi uses threshold-based triggers without a fixed response window.
| Threshold | Unchained | Debifi |
|---|---|---|
| Max Starting LTV | 50% | 70% |
| Margin Call | 67% LTV | 75% LTV |
| Margin Call Window | 24 hours | Threshold-based |
| Liquidation | 83% LTV | 90% LTV |
Unchained: 33.0 percentage point buffer between starting LTV (50%) and liquidation (83%). Debifi: 20.0 percentage point buffer between starting LTV (70%) and liquidation (90%). Unchained provides a wider safety margin.
Choosing between Unchained and Debifi requires evaluating total cost, custody risk, and which platform aligns with your borrowing profile. Unchained uses collaborative multisig (2-of-3) with 14%–15% APR, while Debifi uses collaborative multisig (3-of-4, borrower holds a key) with 10%–14% (P2P) APR.
On a $500,000 loan, Debifi costs $67,500 in the first year versus $80,000 at Unchained, a difference of $12,500. Part of Unchained's higher cost comes from its 2% origination fee, which adds $10,000 upfront on this loan size.
Both platforms use similar custody approaches. Unchained operates via collaborative multisig (2-of-3), and Debifi uses collaborative multisig (3-of-4, borrower holds a key). Neither platform rehypothecates borrower collateral.
Unchained is the better fit for borrowers who are borrowing $150,000 or more and want collaborative key control. Debifi is the better fit for borrowers who need smaller loans or more flexible access.
Key details to be aware of: Unchained: Commercial/institutional borrowers only since Jan 2024 — no consumer loans. Uses CTP ratio (inverse of LTV). Debifi: P2P marketplace — institutional lenders set rates per offer: typically 10-14% APR (observed range ~9.5-21.
Debifi is cheaper. On a $500,000 loan held for 12 months, Unchained costs $80,000 (14% APR + 2% origination fee) while Debifi costs $67,500 (12% APR + 1.5% origination fee). That is a $12,500 difference in the first year.
Unchained uses collaborative multisig (2-of-3). Debifi uses collaborative multisig (3-of-4, borrower holds a key). Both platforms present similar custody risk profiles.
Unchained's minimum loan is $150,000. Debifi's minimum is $5,000. Debifi is more accessible for smaller borrowers.
Unchained issues a margin call at 67% LTV with a 24-hour response window and liquidates at 83% LTV. Debifi issues a margin call at 75% LTV (threshold-based, no fixed window) and liquidates at 90% LTV. Starting from a 50% LTV, Unchained provides a 33-point buffer before liquidation, while Debifi provides a 40-point buffer.
It depends on your priorities. Unchained (14%–15% APR, collaborative multisig (2-of-3), min $150,000) is better for borrowers who value collaborative multisig (2-of-3) and have larger borrowing needs. 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.