Topic: Atomic Loans Comes Out of Stealth: Non-Custodial Bitcoin-Backed Loans (Read 172 times)

Hey all!

We're pretty new to Bitcointalk forum, but we wanted to share some exciting news with you all.

https://blockonomi.com/atomic-defi-lending-to-bitcoin/

About us
Atomic Loans is building the first Bitcoin-native solution for decentralized finance. Our protocol and user-facing platform enable a two-sided marketplace for Bitcoin-backed lending. It works by allowing users to lock their Bitcoin in a non-custodial escrow, and receive a stablecoin in a loan.

How is your Bitcoin stored during the term of the loan?
Your Bitcoin is stored in a non-custodial Bitcoin-script escrow. It can only be unlocked when the lender accepts the repayment, or when a loan is liquidated. This removes custodial risk, and allows anyone with Bitcoin and an internet connection to get access to a Bitcoin-backed loan, regardless of jurisdiction.

This means you can track your Bitcoin at all time, there's no rehypothecation, and it doesn't rely on the risk management of one single party.

What is the interest rate on an Atomic Loan?
The interest rate is 9.75% APR for USDC.

What is the minimum-collateralization ratio on Atomic Loans?
The minimum collateralization ratio on the protocol is 140%. This equates to approximately 70% loan-to-value. However if a loan position goes below this minimum-collateralization ratio, the loan will be liquidated.

What are the repayment terms?
All loans are fixed term, fixed rate. No monthly interest payments, just one payment when you decide to close your loan.

Summary:
Interest Rates: 9.75% USDC
Minimum Loan Amount: $25 USD
Valid Collateral: Bitcoin

Docs:
System Overview: https://github.com/AtomicLoans/atomicloans-rfc/wiki/System-Overview
Security Audits: https://github.com/AtomicLoans/atomicloans-rfc/wiki/Security

Site: https://atomic.loans
Twitter: @Atomic_Loans
Telegram: @Atomic_Loans