Firefish is thrilled to announce Version 3.0, marking a significant leap forward in our journey to redefine Bitcoin-backed lending. Here's a glimpse into what's new:

Profile Verification

Verification is straightforward: upload a valid ID, confirm personal details, complete phone verification, and answer a short questionnaire. Upgrade your account to the 'BASIC' tier through 'My Account' and unlock full platform functionality.

Streamlined Account Management

The 'My Account' menu now displays your personal and banking details, captured during the verification process, to facilitate smooth transactions. Add bank account details for various currencies, ensuring compliance with local and international banking standards.

Flexible Deal Limits

Firefish introduces a per-user deal limit scheme, offering two tiers: 'ZERO' for newcomers and 'BASIC' for verified users, with limits up to EUR 30,000. Look forward to more tiers and higher limits, including options for stablecoin deals.

Transparent Service Fee

A nominal origination fee of 1.5% is applied to borrowers, ensuring transparency. This fee is calculated during the loan request and deducted from the Bitcoin collateral during locking.

Innovative Liquidation Options

Firefish offers two liquidation methods: self-liquidation for direct control and Firefish liquidation for hassle-free management. Firefish liquidation, our default option, allows investors to focus on returns without managing cryptographic materials.

Borrowing Made Easy

Creating a loan request is simple. Navigate to 'Borrow,' fill in the necessary details, and submit. Our platform will match you with an investor, guiding you through the collateral locking process.

Investing with Insight

Investors can now explore the Loan Marketplace for unmatched deals or use the Watchdog notification service to receive tailored investment opportunities. Set your preferences and stay ahead of the market.

Additional Enhancements

• Set preferred interest rates during loan requests.

• An 18-month loan tenor option is now available.

• 'Recent Deals' on the home screen offer insights into the latest transactions.

• An improved matching algorithm ensures quicker, more accurate pairings.

• Various UI & UX enhancements enhance your Firefish experience.

Firefish 3.0 is more than an update; it's a new frontier in secure, efficient, and user-friendly Bitcoin-backed lending. Join us as we continue to innovate and empower our users with unparalleled financial solutions.

Have questions? Reach out anytime!

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