Dear nostr,

What's your opinion on Lava lending?

Hearing some negative things - wanted to check if anyone has experience or good info on them

#asknostr #dearnostr

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Discussion

I am curious as well

First I’m hearing of them. I’m still wrestling with the idea of borrowing against a small portion of my stack to begin with

5% is quite cheap. Might go leverage my Bitcoin on JDM 👀

Starting at 5%. It’s likely more than that. 👀

Tbey weren't this low before. Tgis was last week. I've used them. No open loans though because im chilling. But i didn't have an issue with them

#Craefulgang

Seems sketchy. Founder refusing to answer anyones questions. Very opaque on their website regarding custody. Getting bad vibes.

Folks in my signal group report that lava moved their coins without their permission and they do not appear to be doing DLC verification anymore.

Here are a couple takes from X that can provide more insight:

https://x.com/_arshbot/status/1986156462519832921

https://x.com/bonomat/status/1986308591796822041

Personally, I would avoid them like the plague, but I'm pretty conservative & boring.

Tried zapping but it didn't work!

Good info here. Thanks

Thank you. I've had trouble with getting zaps working. Is there a good source of info you know of? I tried to link a phoenix wallet. Using amethyst, yakkihone, primal & sometimes jumble or ditto. I got set up early with nos2x, so I don't use alby.

This is the vibe I've been getting as well.

I actually have used them. I have done like 10 loans with them already. Everything was smooth.I only had one issue, and it was right before one of their updates and I contacted them and support was phenomenal. I'm not advocating for them because I stopped using them about a month and a have ago. Just going back to myself Custody routes and now I'm hearing noise about lava in a bad way. But I've only had really good experience with them.

SOLANA! they are doing shitcoinerie. The USD. Ya it actually USDC on solana. If your coo with that. It’s okay actually. Maybe…