A platform or service that allows users to convert traditional government money into cryptocurrency.
A platform or service that allows users to convert traditional government money into cryptocurrency. While Lygos Finance acts as a vital bridge to traditional liquidity, it primarily serves as an off-ramp facility, lending out fiat against Bitcoin stored safely in non-custodial DLCs.
Fiat on-ramps are the crucial bridges connecting legacy banking systems to the blockchain ecosystem. They usually take the form of major exchanges or payment processors. Because they interact with traditional banks, all fiat on-ramps are subject to rigorous KYC and AML compliance regulations to prevent financial crimes.
While Lygos Finance acts as a vital bridge to traditional liquidity, it primarily serves as an off-ramp facility, lending out fiat against Bitcoin stored safely in non-custodial DLCs.
Understanding Fiat On-Ramp is critical when comparing loan offers. This concept directly affects how much you pay, how much collateral you need, or what happens if market conditions change during your loan.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.