A printed piece of paper containing public and private keys, typically via QR codes.
A printed piece of paper containing public and private keys, typically via QR codes. While Lygos Finance supports non-custodial collateralization via DLCs, we recommend borrowers use modern hardware wallets rather than outdated paper wallets to secure their multi-million dollar holdings.
Before hardware wallets became accessible, paper wallets were a popular form of cold storage. Users would generate a key pair offline and print it out. While they keep keys off the internet, they are prone to physical damage, loss, or theft, and are generally considered obsolete compared to modern security solutions.
While Lygos Finance supports non-custodial collateralization via DLCs, we recommend borrowers use modern hardware wallets rather than outdated paper wallets to secure their multi-million dollar holdings.
Understanding Paper 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.