There is no rehypothecation with STRIKE Lending. When you take a Bitcoin-collateralized loan with Strike, your #Bitcoin stays in a segregated wallet. No rehypothecation, no funny business. We hear you loud and clear. Better rates is next. Give us until the end of the month 🫡

@Strike great news 👏👏👏

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@Strike If there is no rehydration or whatever you call then how are the kids in Africa going to get fresh water?

@Strike For more transparency, maybe post some on chain addresses (proof of reserves) like how @River does?

Did you catch the video? We're planning to offer some version of proof-of-reserves lending. For regular deposits on Strike, you can always withdraw your #bitcoin for free, that’s the ultimate proof of reserves. In a typical month, over 80% of Bitcoin bought on Strike is withdrawn

@Strike jack, with all due respect, without proof-of-reserves, none of this means anything.

@Strike We are working on proof-of-reserves lending

Thank you. Next we need the ability to roll loans. Ideally by rolling the collateral from an expiring loan into a new loan. But at least allowing a second simultaneous strike loan. Otherwise strike borrowers will be forced to sell their collateral or take out a 2nd loan elsewhere to raise the capital to close out the expiring Strike loan and then a new Strike loan to pay off the 3rd party loan.

@Strike We're on it. Should land this quarter I believe

@Strike After Celsius, never trust something too good to be true.

@Strike Thank you Jack for all you do for the community! You're the reason I switched to Strike from Coinbase. It's great to see people like you truly care about humanity and helping drive the adoption for sound money!