Can you pay off a bitcoin-backed loan early without penalty?
Mostly yes, but no penalty is not no cost. APX caps an early fee at 3 months' interest; SALT, Strike and Ledn print none. Read 8 October 2026.
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Counterparty
6 articles
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.
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.
Arch Lending's tokenised-gold loans, assessed on what a 90% liquidation threshold assumes
A $250,000 minimum, up to 75% initial advance, margin call at 85% and liquidation at 90%. Every threshold is published in the launch release. What the release does not publish is the price source that decides when they are crossed.
Custodial crypto lending, assessed as a counterparty question
Hand assets to a firm, receive an advertised yield. Assessed on the only question that has ever mattered in this model: who is paying that yield, and what happens if they cannot.
