Lava has launched a self-custodial Bitcoin borrowing platform that distinguishes itself from conventional crypto loan services by not taking custody of user assets. Utilizing native Bitcoin smart contracts known as Discreet Log Contracts (DLCs), Lava offers enhanced security through its primary product, Lava Vault, which provides a secure wallet and borrowing interface. The platform allows users to access dollar liquidity against their Bitcoin holdings without selling, appealing to long-term Bitcoin investors. Additionally, Lava introduced LavaUSD, a stablecoin redeemable 1:1 with USD, ensuring trustless, instantaneous transactions for global users, supported by liquid reserve investments.
Unlike traditional crypto loan services, Lava provides users with a self-custodial Bitcoin borrowing platform, ensuring a more secure borrowing experience with native smart contracts.
The primary product, Lava Vault, functions as both a secure wallet and borrowing interface, utilizing advanced security features to protect user funds.
LavaUSD is designed to be redeemable 1:1 for the US dollar, facilitating seamless and instantaneous transactions globally, combining stability with cryptographic security.
By leveraging Discreet Log Contract technology, Lava reduces risks of counterparty and rehypothecation, allowing Bitcoin HODLers to access cash without selling their assets.
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