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Lava
Lava is a financial platform that allows users to securely borrow dollars against their Bitcoin collateral. It offers a fast and easy borrowing experience with low interest rates, flexible terms, and no credit checks. Users can access funds instantly, move money globally, and spend it without transaction fees.
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Description
Lava is a financial platform that allows users to borrow dollars using their Bitcoin as collateral, enabling them to save in Bitcoin while spending in dollars and moving money globally. The service is designed to be fast and easy, with no documentation or credit checks required, allowing users to access funds instantly from anywhere in the world. Funds can be off-ramped directly to a bank account or spent using Lava with no transaction fees. The platform offers flexible loan terms, allowing users to add or remove collateral and repay early without penalties. Security is a key focus, with institutional-grade infrastructure that minimizes trust and eliminates single points of failure. Funds on Lava are censorship-resistant and belong solely to the user. The platform provides on-chain proof of reserves for loan collateral and has a strict no-rehypothecation policy. Additionally, users can buy and sell Bitcoin directly on the platform without fees, spend their loan capital instantly with global, fee-free transactions, and utilize cards for spending and rewards. Lava also offers 24/7 US-based client support.Grant Funding
VC Funding
None
2024
$0
$10M