A cryptocurrency wallet that remains actively connected to the internet.
A cryptocurrency wallet that remains actively connected to the internet. Unlike Centralized Exchanges (CeFi) that store user funds in vulnerable hot wallets, Lygos Finance utilizes non-custodial DLCs so collateral is never exposed to centralized exchange hacks.
Hot wallets take the form of desktop, mobile, or browser extension applications. Because they are online, they offer high convenience for daily trading and spending. However, this connectivity also makes them more susceptible to phishing attacks, hacks, and malware compared to cold storage methods.
Unlike Centralized Exchanges (CeFi) that store user funds in vulnerable hot wallets, Lygos Finance utilizes non-custodial DLCs so collateral is never exposed to centralized exchange hacks.
Understanding Hot Wallet helps you assess the real risks of Bitcoin lending. The difference between custodial and non-custodial models isn't just marketing. It's the difference between trusting a company and trusting cryptography.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.