A standard format allowing multiple parties to collaboratively sign a single Bitcoin transaction.
A standard format allowing multiple parties to collaboratively sign a single Bitcoin transaction. Lygos Finance leverages PSBTs seamlessly during the loan origination process, allowing borrowers to safely construct and sign their non-custodial DLC using their offline hardware wallets.
PSBTs enable users to construct a transaction and pass it around to different devices or entities for authorization before broadcasting it to the network. This is incredibly useful for multisig wallets, hardware wallet setups, and complex smart contracts where various conditional signatures are required to finalize an agreement.
Lygos Finance leverages PSBTs seamlessly during the loan origination process, allowing borrowers to safely construct and sign their non-custodial DLC using their offline hardware wallets.
Understanding PSBT (Partially Signed Bitcoin Transaction) is essential for evaluating non-custodial lending. This technology is what makes it possible to borrow against Bitcoin without surrendering your keys to a third party.
Starting at 10% APR, $0 origination fees, and DLC-secured collateral on the Bitcoin blockchain.