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54 sats \ 2 replies \ @CruncherDefi 4 Mar \ on: Strike releases Bitcoin Line of Credit (BLOC) bitcoin videos

15% LTV is really, really bad. Especially with those rates. It's not even close to competitors.

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2 sats \ 1 reply \ @BlokchainB OP 15h

Its That low to prevent liquidation

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2 sats \ 0 replies \ @CruncherDefi 9h

LOL. No, its not.

Even when LTV is, let's say 50%, nothing stops user for maintaining 15% LTV if they wanted to be extra safe. However requiring such low LTV takes away that optionality from user.

As a user I want from service provide as much optionality as possible. And that means as high LTV as possible.

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