Built on Open Source

Don't trust. Verify. Here's how.

Every claim we make about your collateral can be checked without asking our permission: on the Bitcoin blockchain, in open-source code, and in a public specification a decade in the making.

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Three claims. Three ways to check us.

Don't take our word for any of this. Each claim is checkable on-chain, in the math, or in the code.

CLAIM 01 · CHECK IT ON-CHAIN

Your Bitcoin never leaves the chain.

Your collateral is a native Bitcoin DLC on Layer 1, not an entry in our database. Paste your contract's address into any block explorer and watch it sit there, untouched, for the life of your loan.

mempool.space — tx details
hash: 8a9f42c1…de3b21
output: 2-of-2 taproot · 5.00000000 BTC
confirmations: 4,182
status: Locked · unspent
DLC
LOAN_REPAID · pre-signed
DEFAULT · pre-signed
LIQUIDATION · pre-signed

Every outcome is signed before you lock a single satoshi. Nothing can be improvised later.

CLAIM 02 · CHECK THE MATH

Every outcome is signed before you commit.

Repay, default, or liquidation: all three transactions exist, cryptographically signed, before your BTC moves. Neither Lygos nor the lender can invent a fourth outcome. The rules are enforced by Bitcoin, not by a company's promise.

CLAIM 03 · CHECK THE CODE

The code securing your loan is public.

DLCs were designed, specified, and implemented in the open, and the libraries Lygos runs on are public: every line is readable. The ones marked Used by Lygos secure your collateral today. Your contract itself stays private, a bilateral agreement between you and your lender. What's public is the code, not your terms.

NO PLATFORM DEPENDENCY

You can recover your collateral without us.

Everything you need to get your Bitcoin back is fixed the moment your DLC is signed and funded — including settlement transactions already signed and waiting on Bitcoin.

Borrower recovery packEXPORT ONCE ACTIVE
Keep it outside the Lygos app — these four artifacts are all recovery needs
Repayment address
Loan-specific USDC destination
DLC messages
DlcOffer, DlcAccept, DlcSign
Oracle identity
Public key and event ID
BTC return address
Encoded in the repayment CET
Check your pack with dlc-verifyOpen source — confirms the oracle key, the signed outcome, the BTC return address, and the CET signatures before you ever need them.
THE RECOVERY PROCESS

Four steps — none of them need Lygos

Send the USDC repayment

Pay the exact amount to the lender-controlled, loan-specific address saved in your recovery pack.

BORROWER TO LENDER · ON-CHAIN
01
Oracle signs "repaid"

The independent oracle confirms the repayment outcome under its published policy and releases a public signature.

NO LYGOS SIGNATURE REQUIRED
02
Complete the repayment CET

The oracle attestation unlocks the already-signed Bitcoin transaction encoded at loan origination.

TERMS CANNOT BE CHANGED NOW
03
Broadcast and recover BTC

Anyone can submit the valid CET to Bitcoin. The collateral returns to the address fixed in the DLC.

BITCOIN ENFORCES THE PAYOUT
04

Illustrative recovery flow — the exact repayment amount, addresses, and oracle policy are defined by your signed loan and DLC.

THE DLC SPECIFICATION

One open spec, many interoperable implementations.

Every implementation above targets the same open standard. Started by Nadav Kohen and the Suredbits team in December 2019, the DLC Specification defines how clients interact, how the protocol works, and how signatures are generated — all in the open, all reviewable.

Read the DLC spec

None of this is new. A decade in the making.

Full lineage on the DLC spec
2017 DLCs conceived
Dryja's paper: oracle-settled contracts, no new chain.
2019 Mainnet + open spec
First live DLC; Suredbits opens the specification repo.
2020 Adaptor signatures
Fournier's design — simpler, cheaper, more private.
2023 DLCs in production
Atomic Finance ships Bitcoin options on DLCs.
2026 Lygos — real credit
The same open lineage, now securing your loan.

This code didn't appear overnight.

DLCs are a community effort a decade in the making. These are some of the people whose work secures your loan.

TD
Tadge Dryja
LF
Lloyd Fournier
NK
Nadav Kohen
BC
Ben Carman
CS
Chris Stewart
TL
Thibaut Le Guilly
AR
Antoine Riard
JP
Jesse Posner
MB
Matt Black
+ dozens more · full list on GitHub

Verifiable Bitcoin credit, built in the open.

Collateral locks on-chain in a DLC you can audit at any moment — starting at 10% APR with $0 origination fees.

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