Jack Mallers' Strike launches "volatility-resistant" bitcoin-backed loans, claims no forced liquidation from price drops.

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ME News, July 8 (UTC+8), Strike, founded by Jack Mallers, launched a new Bitcoin mortgage loan product, focusing on avoiding forced liquidation triggered by BTC price drops. Strike said that as long as borrowers repay on time, no matter how deep Bitcoin's price falls, the collateralized BTC will not be moved or liquidated. Mallers said on X that the product has no margin call requirement and no price-based liquidation mechanism, allowing users to borrow US dollars while continuing to hold Bitcoin. He said volatility is inevitable but liquidation is not. Strike stated that the new loan product eliminates the price trigger action linked to the loan-to-value ratio (LTV), so borrowers do not have to worry about automatic liquidation due to BTC price drops. As long as interest and maturity payments are normal, the collateral will remain untouched. (Source: ChainCatcher)
STRIKE-4.60%
BTC-0.61%
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