Debifi is a non-custodial lending platform that enables users to borrow against Bitcoin collateral through a multisig escrow system, ensuring that the collateral remains secure and under the user's control. It provides institutional-grade liquidity for Bitcoin-backed loans, addressing the need for secure access to capital in the cryptocurrency market without the risks of rehypothecation.
Funding
Funding not disclosed
Founders
Product
Problem
Accessing capital often requires selling Bitcoin holdings, incurring potential tax liabilities and missing out on future appreciation. Traditional lending platforms may not cater to Bitcoin holders who prefer to retain ownership of their assets.
Solution
Debifi provides a non-custodial lending platform that allows users to borrow stablecoins and fiat currency against Bitcoin collateral, without relinquishing control of their Bitcoin. The platform uses a multi-signature escrow system, distributing keys among trusted parties to ensure the security of the collateral. Debifi connects borrowers with institutional lenders, offering loan terms up to five years. By integrating with partners like Coinkite, Debifi enables users to store their keys on secure hardware wallets, and through ACEMA Credit Czech, it facilitates direct deposits of fiat loans into users' bank accounts.
Target Audience
Debifi targets Bitcoin holders seeking to access capital without selling their Bitcoin, as well as financial institutions looking to participate in Bitcoin-backed lending.
Features
- Non-custodial lending, allowing users to retain control of their Bitcoin collateral
- Multi-signature escrow system with keys distributed among trusted parties for enhanced security
- Integration with Coinkite MK4 wallets, leveraging NFC technology for account signing
- Partnership with ACEMA Credit Czech, enabling fiat loan deposits directly into bank accounts
- Open-source Debifi App, allowing community verification of platform security
- Access to institutional-grade liquidity providers
- Loan terms up to 5 years
- Over-collateralized loans to mitigate risk for lenders
- Support for stablecoin and fiat loans