The final date by which a borrower must repay the outstanding balance of a loan in full.
The final date by which a borrower must repay the outstanding balance of a loan in full. When a Lygos Finance loan reaches maturity, borrowers simply repay the fiat principal to unlock their Bitcoin from the non-custodial DLC, ensuring a seamless end to the lending cycle.
Loan maturity marks the end of the loan agreement's life span. Upon this date, all remaining principal and interest payments become due. If the borrower fails to meet this obligation, the lender has the right to seize the underlying collateral. Borrowers generally prepare for maturity by saving cash or arranging for refinancing.
When a Lygos Finance loan reaches maturity, borrowers simply repay the fiat principal to unlock their Bitcoin from the non-custodial DLC, ensuring a seamless end to the lending cycle.
Understanding Loan Maturity 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.