At what LTV does a bitcoin-backed loan get liquidated?
SALT prints a ladder from 75% to 90.91% LTV; Lava sets a price, not a ratio. We read four lenders' own pages and turned SALT's triggers into BTC falls.
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Which bitcoin lenders do not rehypothecate collateral?
Unchained, SALT, APX Lending and Ledn each publish a promise about reusing bitcoin collateral. We read all four word for word and graded who can check it.
Ledn vs Unchained: which bitcoin loan liquidates first?
Ledn's page prices an LTV-triggered loan; Unchained's commercial-loan page defines a CTP violation and prints no sale level. Both read 20 September 2026.
Does Ledn rehypothecate bitcoin collateral? Not for yield
Ledn says collateral is not lent for yield since May 2025, yet its own explainer allows re-posting to a funding partner. What its Open Book Report shows.
Is Strike's volatility-proof bitcoin loan liquidation-proof?
No. The price triggers are gone, but a missed payment still sells collateral after a 10-day grace. Both Strike ladders and Ledn's, tabulated and priced.
The $9.3m ankrFLOW headline was wrong by a factor of twenty
Blockaid's initial estimate put the MORE Markets drain at $9.3 million. The corrected figures reported four days later are roughly $410,000 at spot. What a lender should take from the gap.
