Has anybody tried this? Since it is a line of credit, it seems there is no loan term.

LTV is 50%.

2% annual charge on highest balance

5% APR

No rehypothecation.

Segregated cold-storage address.

lava.xyz

Interesting. I will look into it. Better rates than Ledn but similar with no rehypothecation which is a must. I see they have a credit card too but I can't find a link to apply for that

Great video on Lava:

How the Rich Borrow Against Bitcoin Without Ever Selling

Could this encourage smaller companies to start accumulating BTC as a long term plan for better borrowing rates, especially those that may be eying BTC as it stands

From Lava concierge:

your BLOC rate is 5% interest and a 2% capital charge, so 7% to borrow for 12 months. This fixed rate is locked in for 12 months, after which you can either pay it down or accept the rate we're able to offer at that time.

We do not require any payments, but you may pay off as frequently as you like to avoid accruing extra interest.

I've added you to the credit card waitlist! More details to come soon.

I'm not sure what is going on with Lava. Proceed with caution.

my full take on the @lava_xyz situation. disclaimer, i know the guys decently well.

I'm not gonna mince words. this is fucked.

1. "self-custodial" funds were moved WITHOUT CLEAR PERMISSION into custodial accounts WITHOUT GOOD REASON (prevent damage, etc).

This is bad, it…

— Harsha Goli (@_arshbot) November 5, 2025

I'm blocked on all channels by Shezan and Lava, so I did miss most of the drama but various people reached out to me about my opinion.

TL;DR; do your own research.

I'm usually not someone who shares much, but, recent news about Lava becoming apparently a custodial solution… pic.twitter.com/9HWxYP3hB0

— Philipp (@bonomat) November 6, 2025

Lava announced a $200M fund raise and a new Bitcoin Line of Credit (BLOC) product.

However, the thread below shows a painful, real-time example of the #1 risk in Bitcoin lending: counterparty risk hidden behind a veil of "trustless" marketing.

We are seeing several red flags… https://t.co/MKO8D9DZpY

— Zone21 (@Zone21BTC) November 5, 2025

🪞Reflections🪞 on @lava_xyz, @MarediaShehzan, DLCs & Bitcoin-backed borrowing:

I’ve had my disagreements with Shehzan, but I respect the guy; great product instincts, smart, and genuinely pushing to find real PMF for Bitcoin. I think Lava will succeed and frankly a lot of us…

— David Seroy 🏔️ (@david_seroy) November 5, 2025

Don't give them your bitcoin. Put it in cold storage and forget about it for 5-10 years.

Just stake with SOL and enjoy 4.8% interest or whatever it is.