I gave it a shot last night. I took out a loan for $5, and it was so smooth and easy. I withdrew the stablecoin and sent it back using USDC on base.
I have an outstanding Strike loan that is due in July. Strike randomly stopped offering new loans in my state, plus the loan minimum is too high for what I need.
So instead of paying it off or having Strike liquidate part of my stack, I was looking for a new platform to use.
I did test out Lygos a few months ago, but the loan has to be set up for you by the app runners. I asked them for a new loan two weeks ago, and still nothing.
Looks like I will be using surge credit for my loan needs in the future. The user experience is great and I can take out what I need and pay back whenever I want while I see my BTC on chain.
I gave it a shot last night. I took out a loan for $5, and it was so smooth and easy. I withdrew the stablecoin and sent it back using USDC on base.
I have an outstanding Strike loan that is due in July. Strike randomly stopped offering new loans in my state, plus the loan minimum is too high for what I need.
So instead of paying it off or having Strike liquidate part of my stack, I was looking for a new platform to use.
I did test out Lygos a few months ago, but the loan has to be set up for you by the app runners. I asked them for a new loan two weeks ago, and still nothing.
Looks like I will be using surge credit for my loan needs in the future. The user experience is great and I can take out what I need and pay back whenever I want while I see my BTC on chain.