Nostr Web Client

Some professional news: I joined the team at nostr:npub15ax0056u0p8hmgtstzg9emx7h9wad4ucnuutj89trsvuzdaehqhqdpc7af

Lava is the most secure way to borrow against your bitcoin. You don’t have to give up self-custody; the loans are structured as discreet log contracts on bitcoin, and you can verify your collateral on-chain at any point. Rehypothecation is impossible because Lava never takes custody of your bitcoin. We also offer the most competitive rates and the easiest loan experience—no paperwork, just set your loan terms in the app and get your loan capital in minutes.

The Lava team made up of some of the most impressive and mission-driven bitcoiners I’ve ever met, and I’m super excited to be working with them to bring self-custodial financial products to bitcoin.

Feel free to reach out to me directly if you’re interested in learning more!

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Discussion

Eveline Reinger 7mo ago

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Jon Gordon 7mo ago

Amazing! Good luck in the new role and great seeing you in Vegas bro🤙🏽⚡️

myles_snider 7mo ago

Great seeing you too brother!

DireMunchkin 7mo ago 💬 1

Would you mind explaining how/why Lava uses Solana ? 🤨

myles_snider 7mo ago

Yes, happy to.

We view stablecoins as just another form of rails for moving fiat money. Like ACH or Wire. We can leverage any stablecoin rails and use Solana because it’s low-cost and fast. It also allows us to deliver the loan capital trustlessly via an atomic swap.

But just like other fiat payments rails, we don’t think the end user should have to be exposed to any of the complexity. So we don’t require users to hold any gas tokens, pay gas fees, etc. We abstract all of that away. And if a user wants to simply withdraw their dollar balance to their bank account instead, they can easily do that.

Lmk if that clears it up. Happy to answer any additional questions!

DireMunchkin 7mo ago

OK so basically just as a rail to pay out stablecoins then?

myles_snider 7mo ago

Yep, exactly.