Borrow · for holders
Post BTC or ETH, borrow USDC, settle at the option expiry you choose. Your upside is capped at the call strike until settlement. That cap, not interest, is what you pay.
The story behind 0%
When your loan is created, a call option is sold on your collateral. Someone in the options market pays cash for the right to your upside above the cap.
You're not getting a free loan. You're selling your tail upside for one, and the price is quoted before you sign.
No liquidation
The floor under your loan is a put option, bought and paid for at origination. If your collateral crashes, the put pays the difference. No bot, no margin call, no 3am price-wick closure.
Once funded, the position structurally cannot be force-closed. It rides to the expiry you picked.
- Collateral
WBTC or WETH, over-collateralized
- Rate
from 0%, paid in capped upside
- Term
any listed option expiry, days to months
- Downside
covered by the put. Not your problem.
- Upside
yours up to the cap. Above it, the desk's.
- Default
walk away, collateral goes to auction, no debt follows
Feel the trade-off
Your quote
Drag to size the loan against 1 BTC.
Lower LTV → cap sits higher → you keep more upside.
Shorter terms put the cap closer to spot, but it resets sooner.
Real quotes price off live implied volatility at trade entry.
Decide
If you believe in moderate upside, a 0% loan with no liquidation is hard to beat. If you're expecting a 5x, keep your coins.