Debifi Recognized as Second Safest Bitcoin Lending Platform
In a recent announcement, Debifi, a non-custodial platform specializing in loans secured by Bitcoin, has been recognized as the second safest option worldwide in its segment. This accolade comes from Zone21.com, a respected group comprising Bitcoin engineers and security researchers who examine lending platforms through a self-custody-focused lens. This recognition occurs shortly after Debifi transitioned out of its beta phase, a significant milestone as it begins catering to institutional clients around the globe.
Evaluation Criteria and Safety Measures
Zone21’s comprehensive evaluation criteria looked into several key areas, including counterparty risk, the integrity of collateral, custody methods, and policies regarding the rehypothecation of assets. Debifi’s implementation of a multisig escrow system, paired with a stringent policy against rehypothecation—where lenders utilize collateral for other purposes—has positioned the platform at the forefront of safety in the industry, achieving the highest technical safety rating in the assessment.
Competitive Rates and Non-Custodial Approach
In addition to being recognized for its security, Debifi boasts competitive annual percentage rates (APRs) starting at an attractive 9%. The platform emphasizes a non-custodial approach that guarantees users retain control of their Bitcoin, making it a distinctive alternative to conventional lending models that require custodial possession of assets.
Growth and Institutional Partnerships
Over the past year during its beta phase, Debifi has successfully processed loans totaling over $20 million, thanks to its expanding network of institutional partners. Currently, the platform works with more than 30 institutional collaborators, a number that continues to grow as it pursues wider adoption within the financial ecosystem.
CEO’s Statement and Future Developments
Max Kei, Debifi’s CEO, highlighted the significance of the acknowledgment from Zone21, stating, “This recognition underscores what we’ve quietly built: a truly secure, scalable lending architecture that doesn’t require users to relinquish custody. We’re committed to being credible rather than flashy, and it’s clear we’re achieving that.”
The foundation of Debifi’s lending model is built with institutional standards in mind, having undergone three independent security audits, including an assessment by Certik. Furthermore, the recent launch of its mobile applications incorporates features such as TAPSIGNER support, real-time offer aggregation, and an optimized onboarding process—demonstrating the team’s dedication to providing accessibility while maintaining uncompromised security.
Conclusion
In summary, Debifi, a pioneering non-custodial lending platform, aims to leverage Bitcoin as a prime collateral asset, offering superior lending solutions engineered for both individuals and institutions.
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