TechFlow news, July 8, according to The Block, Strike has launched a new Bitcoin collateralized loan service. According to its description, as long as the borrower continues to pay interest or due amounts on time, even if the Bitcoin price drops significantly, it will not trigger a margin call or automatic liquidation due to collateral price fluctuations.
However, if the borrower fails to make payments on time and still fails to make up the payment within a 10-day grace period, the relevant collateral may still be partially liquidated. The product is currently available in the form of term loans in certain U.S. states and is not applicable to revolving lines of credit.
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