A list of 12 to 24 randomized words used to recover access to a cryptocurrency wallet.
A list of 12 to 24 randomized words used to recover access to a cryptocurrency wallet. Lygos Finance empowers users to maintain true ownership; because loans are non-custodial via DLCs, borrowers retain the private keys and seed phrases to their underlying collateral wallets.
A seed phrase (or recovery phrase) acts as the ultimate master password for a crypto wallet. It translates a mathematically generated private key into human-readable words. Anyone with access to the seed phrase has total control over the associated funds, making its secure, offline storage incredibly important for self-custody.
Lygos Finance empowers users to maintain true ownership; because loans are non-custodial via DLCs, borrowers retain the private keys and seed phrases to their underlying collateral wallets.
Understanding Seed Phrase 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.