Good morning nostr fam.
Hoping on a phone call with Ledn today to ask more about their bitcoin backed loans. Are there any questions that you may have that I could ask them?
#asknostr
Discussion
Tell them to send you 1 btc and you’ll send them back fiat.
Contract: “Trust me bro”
🧐
* Is there an early payoff penalty?
* What they suggest for the LTV. Starts at 50% but can you add more collateral at the start?
* Rehypothecation of collateral? I believe LEDN doesn’t do this, but worth asking.
* How does LEDN notify you when getting close to a margin call or liquidation?
I know the answers to some of these already:
- no penalty to paying off the loan early
- you can add more collateral at the start I believe
- no re-hypothecation
- you get notified when the LTV number gets to 65 I believe. There is a separate transfer wallet within the application where you can stash additional collateral in the event that you need to add more 
What happens to your BTC if LEDN blows up ala Celsius, BlockFi etc.?
Then we lose all of our money same question goes for what if there’s a huge asteroid that strikes the planet I think we’re all fucked.
They’ve been around for seven years and actually some customers came from the whole Celsius and blockfi blow up and they helped them.  i’ll pose the question to them though. 
