Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
CoinTelegraph·
60-second summary
Strike is launching 'volatility-proof' Bitcoin loans, eliminating margin calls and forced liquidations, but at a steep price. Interest rates can reach as high as 14.2% and borrowers must pay on time, according to Strike CEO Jack Mallers. This move aims to provide stability in the bear market, but may come at a significant cost for users.
The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said.