Bitcoin Mortgages Launched with Initial 60% Haircut and No Margin Calls
Bitcoin Mortgages Launched with Initial 60% Haircut and No Margin Calls
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A new financial product has emerged: Bitcoin-backed mortgages. These innovative loans feature a significant initial 60% haircut on the market value of the collateral but offer a key advantage to borrowers by eliminating future margin calls or collateral top-ups, providing predictability in volatile markets.
After an initial 60% haircut on its market value, BTC-backed mortgages feature no further margin calls or collateral top-ups.