DeFi· ★★· neutral·

Bima launches onchain collateral loans with zero cash interest rate

  • —Loans live on Base, BNB Chain and Ethereum with 1-month and 1-year terms
  • —Borrowers can access up to 50% of collateral value with no cash interest
  • —Funding comes from a collar strategy: selling calls and buying puts
  • —No margin calls, but upside is capped and default and counterparty risks remain
Why it matters: The collar model could cut the cost of capital in DeFi, but it caps collateral upside and carries counterparty risk.
Source: Incrypted
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