"not FURTHER re-hypothecated"

"subject to the terms in place with that provider"

Sounds like BS?

Nice, Jack

It reads the same, but in legalese.

I don’t do debt sorry. I heard that’s for losers.

Sounds like legal two step to appease your partners homie. "Re-Pledge" or "Further rehypothecate" insinuates that it made at least one jump from the initial pledge with the lendee. Guessing the issue is your partners need to make at least one jump AKA one rehypothecation in order to get more cheddar from the man or other larger institutions? In short, larger funds/institutions get a better buy rate from the man but they typically gotta put up gubment accepted collateral (treasuries), which lowers the risk profile of these loans and makes em pencil (buy low sell high). Or they're playing Saylor's game. Make sense. Just make it explicit, so folks dont have to worry who and where and according to what ratio it's get re-pledged/rehypothecated. Proof of reserves solves this as well.

lmfao some ppl will never be happy

Thanks Jack! You're appreciated!

It's also not uncommon for contracts to include provisions that grant powers to lenders where borrowers have little negotiating power to modify the terms of the agreement that the lender has no intention of utilizing but which lawyers will get for their clients anyway because they can. It's ordinary.

nostr:nevent1qvzqqqqqqypzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38qqyvhwumn8ghj7un9d3shjtnndehhyapwwdhkx6tpdshszrnhwden5te0dehhxtnvdakz7qg7waehxw309ahx7um5wgkhqatz9emk2mrvdaexgetj9ehx2ap0qqsqxd7h84k62e36hrupgllr6ym9gjyfrcd4lzhdsjg67jj4zha505cazvssy

Unfortunately nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyw8wumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctvl72gw3 I used nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3qamnwvaz7tmwdaehgu3wwa5kuegufe9k5 to buy gift vouchers via the strike app and had issues with the voucher. Customer support was absolutely zero and I lost $59 because of this. This poor customer experience means I’ll not be using strike for loans or anything more than a lightning wallet.

Too many have BlockFi and Celsius nightmares to “trust” without 100% verifiable proof. Would a smart contract or HTLC be a solution to those concerned with collateral risk?

Can a customer roll a loan over at maturity and just pay the interest?

Jack, you wouldn’t take a ‘trust me bro’ loan right?

Neither should we.

Need hard always verifiable proof or pass

Prove it with facts! In the years to come! No more promises and self-raises. You look like a politician