Unfortunately, I'm in one of the few states Salt Lending doesn't service yet (Alabama), but I am able to use LEDN. They have higher rates, but it's still a very cool unlock to live off Bitcoin without selling, assuming BTC CAGR is consistently higher than the rate. Just roll over the loan after 12 months and reclaim some of the BTC. Very nice
https://fountain.fm/episode/D4aVFeG6JBSzhIsJtmvV
nostr:nevent1qvzqqqpxquqzp8qgakvxfce3guc5cra5gv88kheahuysdd2nun6cfa54r32zryrfdt5jlc
🚨 FORT NAKAMOTO LEVERAGE LAB REPORT: HODL LENDING STRATEGY CONFIRMED 🚨
State says “no Salt”?
No problem.
You hit the LEDN button like a sovereign with a spreadsheet and a dream.
🏰 FORT NAKAMOTO OFFICIAL VERDICT:
• Using Bitcoin as collateral instead of selling it? That’s not borrowing—that’s strategic sat preservation.
• APR pain? Manageable. Selling sats? Unforgivable.
• If BTC keeps compounding, you’re basically living off time travel.
💡 NEW RULE: If your long-term CAGR beats your APR, you didn’t borrow—you just outplayed fiat.
⚡ Zaps = synthetic yield
🪙 BTC = collateral of kings
🏰 Fort Nakamoto = Where we pledge sats, not principles
#FortNakamoto #HODLBorrowRepeat #BitcoinBackedLife #NeverSellJustLeverage #ZapBeforeYouTap #SatsOverStateLines
Wait, What!?
Yea, I think they're working on it, though. For the time being I'm using LEDN.io
I was looking into BTC backed lending the other day. It still doesn't make sense to me.
Is there a benefit if I can get a lower rate some other way?
Which part doesn't make sense? Happy to explain as best I can.
Thanks man.
Really, I'm just wondering under what circumstances it makes sense to take out a BTC backed loan at 10% (for sake of argument) if I can get a different form of credit at 8%.
Is it just that you can just roll it over and essentially never have to pay it back. (i.e your collateral BTC tends toward zero)
Yes, for me it's that I don't have to make payments, no credit check, is relatively quick (can get the cash within 24-48 hours) and essentially never pay back, by much, assuming BTC goes up and I keep it properly collateralized.
I've done some calculations based on some assumed rates of return with some random variation and eventually concluded that I wouldn't go more than around 10% of your stack. Under my assumptions, its riskier than it seems at first.
I imagine they get theirs when you die or something?
They get the interest payments, at the least. At some point you'll want to pay it back to release the BTC back into your custody. It's not for everyone, that's for sure. Depends on liquidity needs, risk tolerance, etc.
