Liquid Federation member Hodl Hodl launched a Bitcoin lending platform today, enabling Bitcoin users to find offers to either lend or borrow stablecoins. Loans are available in multiple stablecoin formats, with Liquid Tether (USDt) as the default option.
The platform provides users with the ability to secure the loans with a unique Bitcoin multisig escrow system; all handled in the user’s browser. No third-parties are involved in the lending process, with interest rates, loan period, and other terms set by the users.
By offering Liquid-based USDt, Hodl Hodl Lend provides users with the fastest stablecoin settlement times in addition to strong confidentiality for their lending and borrowing activities. Liquid also offers significantly lower transaction fees compared to Ethereum and other alternatives.
For more information on how to get started on the platform, see Hodl Hodl’s official announcement.