Strike, the bitcoin financial services firm run by CEO Jack Mallers, launched a bitcoin-backed loan product on July 7 that removes price-triggered liquidations for the life of the loan, according to Strike’s own FAQ. The product, called “volatility-proof loans,” strips out the 65% LTV warning, 70%… According to The Defiant, strike, the bitcoin financial services firm run by ceo jack mallers, launched a bitcoin-backed loan product on july 7 that removes price-triggered liquidations for the life of the loan, according to strike’s own faq. the product, called “volatility-proof loans,” strips out the 65% ltv warning, 70%…. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.
