Lava’s $200 million funding supports the rollout of a flexible Bitcoin Line of Credit, enabling borrowing against BTC without repayment deadlines or term limits, with built-in liquidation protection.
Lava, a bitcoin lending platform, raised $200 million and launched the Bitcoin Line of Credit (BLOC), allowing users to borrow up to 50% of their BTC’s USD value without monthly repayment requirements or term limits. The closed-source self-custodial wallet offers liquidation protection, enhancing security during volatile markets. Loans have a fixed interest rate starting at 5% annually, with a 2% yearly capital charge based on the highest balance. The credit line’s revolving nature enables flexible borrowing, repayment, and reborrowing. This official announcement marks a key milestone for Lava’s expansion in BTC-backed financial services.