Firefish
@firefish_io
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The Open Market for Bitcoin-Backed Loans
Joined June 2022
We just verified that the Firefish borrower WASM binary on our site matches the public code repo. Commit for commit, hash for hash. ✅ No black boxes. ✅ No trust required. (Go check it out. Link in comments)
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Firefish is a P2P open market for Bitcoin-backed loans. ✅ 25000+ users globally ✅ 3000+ Bitcoin collateralised ✅ $500M+ value transacted Follow us on YT to learn more of bitcoin loans: (LOTS of content coming soon) 👉
youtube.com
Firefish is a non-custodial, Bitcoin-backed lending platform. 🪙 Borrow fiat, lock BTC in multisig — stay in control 💰 Lend to peers, earn interest — no rehypothecation Never sell your Bitcoin....
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Drop a vote #1 thing you'd want to learn about Bitcoin-backed loans?
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Our partners have earned >1.3 BTC in commissions 🤩 Earn Bitcoin while helping others unlock liquidity from their BTC. Join our affiliate program: ✅ Give friends 30% off their first loan ✅ Earn 0.5% annually on their loans (Year 1) ✅ Up to 1% if both borrower & lender use
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Really cool presentation explaining how Bitcoin backed loans @firefish_io work:
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We surveyed 349 Bitcoiners about using Bitcoin as collateral. What do you think was their #1 concern? (Link to the findings from the survey in the thread 🧵)
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Bitcoin collateralized credit is 3,800x smaller than real estate and that's about to change… At @BtcCorpDay, our CFO Tomas Dzurilla shared where Firefish stands in building Bitcoin-collateralized credit rails. The numbers tell the story: ◆ At $152 trillion real estate is the
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Wish me luck, maybe I’ll orange pill somebody on the plane on my way to Medellín! 🔥🚀 Thank you, @firefish_io, for sharing this incredible book in Spanish! 🤩
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We surveyed 349 Bitcoiners about using Bitcoin as collateral. What do you think was their #1 concern? (Link to the findings from the survey in the thread 🧵)
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The @firefish_io protocol powers an open market for Bitcoin-backed loans, without ever giving up self-custody. Director Tomas Dzurilla showcases Firefish's escrow, where rates come from, and how it enables loans or yield for investors and Bitcoiners. 🌍 Available worldwide.
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7/7 That's it. Keep stacking those sats. Collateralize them. It's easy. Try Firefish to live off your Bitcoin without selling.
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6/7 Once accepted by an investor, you lock in 0.1514 BTC in a 3-of-3 multisig escrow. The investor / lender sends €5000 to your bank account (details of which you have provided earlier). Firefish is non-custodial and P2P. Your BTC is safe and only moves if you repay or
github.com
Contribute to Firefish-io/firefish-protocol development by creating an account on GitHub.
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5/7 In the case above, given the Standard Loan availed, once the loan request is submitted, it is either immediately matched with an Investor, or listed in the Loan Marketplace. If there are no opportunities for an instant match, a loan request is listed in the Loan Marketplace
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4/7 There are two ways to borrow on Firefish ✅ Standard Loan: You can choose all the loan parameters, including your preferred interest rate. Your loan request is then posted in the marketplace and sent to relevant investors for matching. ✅ Instant Loan: Borrow cash
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3/7 Note: As a borrower on Firefish, you set the loan terms, including the interest rate you want to pay on the loan. Firefish currently supports loans up to 24 months. There are no monthly payments due. The only payment due is at the end of the loan term (principal + accrued
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2/7 Let's assume the vacation costs €5,000 (flights, Airbnb, etc.). To borrow €5000 on Firefish, at 50% LTV (loan to value), you need ~€11,000 in BTC as collateral. Let's assume an 8% interest rate for a loan period of 24 months, you need 0.1514 BTC as collateral.
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