Firefish

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Firefish

Firefish

@firefish_io

The Open Market for Bitcoin-Backed Loans

Katılım Haziran 2022
276 Takip Edilen8.5K Takipçiler
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Firefish
Firefish@firefish_io·
Never sell your Bitcoin, live off it! Borrow against your BTC. No capital gains tax. Keep the upside. Long Bitcoin, short fiat! ∞/21M More features you asked for coming this year. Stay tuned!
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Firefish
Firefish@firefish_io·
6/7 Note: You only run liquidation risk, in this case, if Bitcoin falls to around $40,500. Liquidation LTV on Firefish is 95%. The Collateral Health Indicator (CHI) lets you watch your loan's health in real time. During past price declines, the vast majority of borrowers either topped up their collateral or repaid early.
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Firefish
Firefish@firefish_io·
Spend the summer in Greece 🇬🇷 without selling a single sat. Ferries, tavernas, a whitewashed room above the Aegean. All of it funded by $BTC that you do not give up control of. (Details below)🧵
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Coin Bureau
Coin Bureau@coinbureau·
🔥BTC-BACKED LENDING TO REACH $1T MARKET Financial services provider Ledn says bitcoin-backed lending could grow to a $1 TRILLION market within the next decade as more borrowers seek liquidity without selling their $BTC.
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Firefish
Firefish@firefish_io·
@StellaFi_ Big, if the rails are rebuilt the right way. The unlock is Bitcoin-backed lending (without recreating the CeFi 2022 mess) involving multisig escrow, clear LTVs, and no rehypothecation. Secured by code beats TRUST ME BRO every time.
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Crypto Sheriff📡
Crypto Sheriff📡@StellaFi_·
🔥 $1 TRILLION Bitcoin lending market incoming? This is massive. Bitcoin-backed lending growing to that scale would be a game changer — real yield, real utility, and massive capital inflow into BTC. The tradfi rails are being rebuilt on Bitcoin whether they like it or not. Shoutout to @bulber_us for consistently dropping these high-signal gems 🔥 Always early. LFG. 🚀
bulber@bulber_us

THIS IS BIG NEWS🚨 Literally just more proof that crypto is the future!

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Firefish
Firefish@firefish_io·
Happy ₿itcoin Pizza Day 🍕 In 2010, spending Bitcoin was the breakthrough. In 2026, the breakthrough is not having to. One pizza cost 5,000 BTC back then. To date, 5,600+ BTC has been used as collateral on Firefish. Used, not sold. That’s the future we’re building toward. More soon.
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Firefish
Firefish@firefish_io·
It’s Bitcoin Pizza Day tomorrow. We have something else coming too.
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Firefish
Firefish@firefish_io·
@CoinMarketCap @Ducatstable The real test in BTC-backed credit: who can move the collateral, what triggers liquidation, and does it settle if the operator disappears. On Firefish, those answers are on-chain before you sign. 3-of-3 multisig. No single party moves your Bitcoin.
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CoinMarketCap
CoinMarketCap@CoinMarketCap·
🔥 @Ducatstable joins CMC Labs to bring non-custodial Bitcoin credit to the world’s largest digital asset. Built natively on Bitcoin L1, Ducat lets users access BTC-backed stablecoin loans without selling, wrapping, or surrendering custody of their Bitcoin, with loan terms enforced by Bitcoin Script. Full details 👉 bit.ly/3PddhYU (CMC Labs: Partnership)
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Firefish
Firefish@firefish_io·
@YukiYuki_4u @kucoincom That is the key question. In Bitcoin-backed lending, a big dip means your LTV rises. Good setups give you room to top up before liquidation. At Firefish, a loan starts at 50% LTV with a 95% liquidation trigger, so the mechanics are explicit.
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YukiYuki
YukiYuki@YukiYuki_4u·
@kucoincom Interesting concept. But what happens to the loan if BTC takes a big dip?
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KuCoin
KuCoin@kucoincom·
The classic HODLer’s dilemma: You need market liquidity, but you aren't ready to part with your $BTC. Selling shouldn't be your only option. KuCoin Crypto Loan lets you borrow top assets flexibly while your eligible collateral keeps earning Hold to Earn yield. Stay liquid without losing your position. 🙌 Learn more: kucoin.com/announcement/h… Crypto Loan is currently exclusive to the KuCoin app! Stay tuned for the web version.
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Firefish
Firefish@firefish_io·
The idea is to make trust minimized or unnecessary. Bitcoin exists because someone decided to stop trusting institutions with money. Then someone built institutions on top of Bitcoin and asked you to trust those instead. Custodial lending is that, exactly. Your Bitcoin goes in. An IOU comes back. The platform decides what happens in between. If they rehypothecate it, you won't know. If they get into trouble, you'll find out the same way everyone else does. We've already seen how that ends. The problem was never Bitcoin. It was who was holding it. Non-custodial closes that gap. Not by being more trustworthy. By making trust unnecessary. Firefish is a peer-to-peer Bitcoin-backed lending marketplace. No custody. No rehypothecation. Collateral sits in 3-of-3 multisig escrow. No single party, including us, can touch it unilaterally. You can verify it on-chain. Right now. Without asking anyone's permission. That's not a promise. It's a structure. If you've been sitting on Bitcoin and wondering whether there's a way to access liquidity without giving up control, there is.
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Firefish
Firefish@firefish_io·
@Crypto_Queenie For BTC loans, the real question is who controls the collateral. Bank, credit union, or fintech, if it is trust-me-bro custody, that is the risk. Non-custodial multisig is the line that matters.
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Firefish
Firefish@firefish_io·
@kucoincom Borrowing against BTC instead of selling is the right instinct. The real question is where the collateral sits while you borrow. If it is also “earning yield,” counterparty risk matters more than the tagline.
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Firefish
Firefish@firefish_io·
Borrow for up to 24 months. One bullet repayment at maturity. Right around the next halving.
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Firefish
Firefish@firefish_io·
@BTC_for_Freedom And, you can borrow against it without handing it to anyone. Non-custodial. Peer-to-peer. Just saying.
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Bitcoin for Freedom
Bitcoin for Freedom@BTC_for_Freedom·
Your bank account is a loan to your bank. Your pension is a promise from a politician. Your currency is a debt instrument from a government. Bitcoin is the first money in history that belongs to nobody, which means it finally belongs to you.
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Firefish
Firefish@firefish_io·
Money. For most of history, the church and the state were the same thing. Divine mandate was the primary source of political legitimacy, from Egyptian pharaohs to European kings. Questioning the ruler meant questioning God. That arrangement held for thousands of years. Then it didn't. Slowly, then all at once. Education followed. Media followed. Production and trade followed. And when they did, global extreme poverty fell from over 90% of the world's population in 1800 to under 10% today. That's not a coincidence. Economic freedom and the separation of production from state control created the conditions for the largest improvement in human living standards in history. Each separation followed the same pattern. A technology or social shift made the old monopoly untenable. The state resisted. The separation happened anyway. Money is the last institution still fully under state control. And it may be the most important one, because control over money is what enables everything else. Wars, deficits, bailouts, the entire machinery of modern government expansion runs on the ability to create currency. Bitcoin is the technology that makes monetary separation enforceable. Not as a political argument. As code. Inspired by @JosefTetek's book Bitcoin: Separation of Money and State. braiins.com/books/bitcoin-…
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Firefish
Firefish@firefish_io·
The state has lost control of the church, education, the media, and trade. One institution remains. Any guesses? 👇
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