Strike launches 'volatility-resistant' Bitcoin loan to prevent forced liquidation of Bitcoin

CoinFeed July 8 news, according to The Block, Jack Mallers' Strike has launched a new Bitcoin collateral loan product. Borrowers can avoid forced liquidation as long as they continue to repay, regardless of how low the Bitcoin price falls. Strike founder Mallers stated: 'No margin calls, no price liquidations, no matter how low Bitcoin goes, your Bitcoin won't be moved.' The product discards the price trigger mechanism tied to loan-to-value ratio; as long as users keep repaying, the collateral remains unaffected. If a borrower misses an interest or principal repayment and fails to pay within a 10-day grace period, the collateral may be partially liquidated. The loan is available for term loans in certain U.S. states and does not currently support lines of credit.