An electronic method of moving funds rapidly between traditional banking institutions.
An electronic method of moving funds rapidly between traditional banking institutions. Once a borrower's Bitcoin is locked in a non-custodial DLC and the remaining conditions are satisfied, Lygos Finance sends the $25K–$100M loan principal by bank transfer.
Wire transfers are the standard for moving large amounts of fiat currency globally. Because they require manual verification and utilize legacy financial infrastructure, they can take days to settle and are restricted by standard banking hours, standing in stark contrast to the 24/7 nature of blockchain transactions.
Once a borrower's Bitcoin is locked in a non-custodial DLC and the remaining conditions are satisfied, Lygos Finance sends the $25K–$100M loan principal by bank transfer.
Understanding Wire Transfer is critical when comparing loan offers. This concept directly affects how much you pay, how much collateral you need, or what happens if market conditions change during your loan.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.