Get cash. Keep your bitcoin. Stay in charge.
Firefish is built different. Just like bitcoin itself.
As bitcoiners, we have found ourselves in situations where we needed money for investments or personal use. However, we never felt comfortable handing over our bitcoin collateral to a centralized lender. That is why we launched Firefish – a bitcoin-backed lending platform based on self-custody, decentralization, and ease of use.
You retain control of your bitcoin by placing it in an on-chain multi-signature contract, rather than relinquishing your private keys.
You receive the money in your bank account just like a regular loan. No stablecoins involved.
Loans are made on a bilateral basis between members of the platform, rather than through a central lender.
The Firefish protocol and most of its implementation code are open source.
The platform is powered by the bitcoin network, with no reliance on sidechains or smart contract platforms.
If you have bitcoin, you have credit, with no need for additional income verification.
Lock your bitcoin and unlock its full power.
Use our platform to securely lock your bitcoin on specific multi-signature address, which secures your loan until you pay it back.
Conveniently receive the loan funds in your bank account, similar to a traditional loan.
Once you repay the loan, your bitcoin will be automatically released from the escrow and returned to your personal wallet.
Do not sell your bitcoin. Use it to achieve your goals.
Taking out a loan with Firefish won’t trigger any capital gains tax, unlike when you sell your bitcoin and may be subject to such taxes.
If you are interested in potentially benefiting from future price appreciation of bitcoin, a Firefish loan can allow you to maintain or even increase your bitcoin exposure.
Founding partner at Miton
Bitcoiner. Rust-bitcoin contributor
|Real time collateral transparency|
|No collatelar rehypotecation|