Bitcoin-Backed Credit.
Asymmetric Risk. Predictable
Yield.
Generate attractive stablecoin yield on loans secured by the world's most liquid asset.
Institutional-grade security built by alumni from:
Why lend via Lygos?
Institutional-grade lending infrastructure designed for capital preservation and verifiable outcomes.
Fully Overcollateralized
All loans are originated at 50–70% LTV with a 90% liquidation trigger. Lenders are protected by 30–50%+ collateral cushions from day one.
Bitcoin-Only Collateral
Bitcoin trades 24/7 in highly liquid markets with minimal slippage on meaningful size. No illiquid assets, no complex diligence, no opaque underwriting.
No Credit Underwriting Required
Lenders are underwriting Bitcoin, not borrower creditworthiness, business health, or use of proceeds.
No Rehypothecation. Cryptographically Enforced.
Collateral is locked on-chain in segregated Discreet Log Contracts. Unlike competitors who merely promise no rehypothecation, ours is technically impossible.
How It Works
Collateral Custody
Borrower Bitcoin is locked in a Discreet Log Contract (DLC)—a Bitcoin-native smart contract. Neither Lygos nor lenders take custody.
Liquidation & Default
If the loan-to-value ratio breaches 90% or the borrower fails to repay by maturity, an independent oracle publishes an attestation that triggers automatic collateral sweep.
Interest Structures
Lygos supports both dividend-style loans (monthly or quarterly interest payments) and capitalized interest loans (interest accrues and is repaid at maturity).
Loan Terms
Lygos supports 3, 6, 12, and 24-month loan durations. Terms and structures can be tailored to lender preferences.
Risk Framework
Conservative LTV Structure
No Cure Periods
If the liquidation threshold is breached, collateral is swept immediately. No ability for loans to become under-collateralized.
Collateral Isolation
Each loan's collateral is held in a separate, dedicated DLC. No pooling. No commingling. One borrower's performance has no impact on another's collateral.
Built by people who've shipped institutional-grade systems.
Our team has underwritten over $1B in institutional loan volume at Anchorage Digital and has been building production DLC-based products on Bitcoin since 2020.
As featured in:
Lender FAQ
Under most circumstances, Lygos can liquidate collateral on behalf of lenders using our OTC desk relationships for best execution. However, if preferred, Lygos can sweep collateral directly to lenders for their own disposal.
If a borrower fails to repay by the loan maturity date, the collateral is swept to the lender or to Lygos for liquidation. Similarly, if the LTV breaches the 90% liquidation threshold at any point during the loan, collateral is swept automatically. These outcomes are enforced by oracle attestations that trigger the pre-signed transactions within the DLC.
At this time, lenders are required to fund loans in the form of stablecoins (USDC). All loans are denominated in US dollars, but funded and repaid in stablecoins so that an independent oracle can programmatically verify funding and repayment events.
We anticipate adding native on-ramps from fiat shortly.
No. All collateral is held in segregated, individual Discreet Log Contracts on-chain. No collateral is commingled or rehypothecated.
No. Certain jurisdictions are excluded for regulatory or sanctions-related reasons. Lygos does not lend to individuals in sanctioned countries, individuals subject to sanctions, or borrowers funding collateral or making repayments from sanctioned addresses.
Designed for allocators who want:
Not ready to lend just yet?