An electronic method of moving funds rapidly between traditional banking institutions.
An electronic method of moving funds rapidly between traditional banking institutions. Once a borrower's Bitcoin is cryptographically locked in a non-custodial DLC, Lygos Finance dispatches the $50K-$50M loan principal directly to their bank account via an institutional wire transfer.
Wire transfers are the standard for moving large amounts of fiat currency globally. Because they require manual verification and utilize legacy financial infrastructure, they can take days to settle and are restricted by standard banking hours, standing in stark contrast to the 24/7 nature of blockchain transactions.
Once a borrower's Bitcoin is cryptographically locked in a non-custodial DLC, Lygos Finance dispatches the $50K-$50M loan principal directly to their bank account via an institutional wire transfer.
Understanding Wire Transfer 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.