Debifi Is The Premier Non-Custodial P2P Bitcoin-Backed Lending Platform For Institutions

founder: Max in (CEO)

Foundation date: March 2024

Headquarters Logano, Switzerland

Website: https://debifi.com/

General or private? private

Max Kei is a creator in the Bitcoin P2P area as well as a seasoned banker, making it uniquely qualified to create DebiformBitcoin -supported p2p lending platform that serves institutions in the first place.

Kei started working in Bitcoin in 2017, when he first contributed to Hodl Hodl, which soon became a non -guardian P2P trading platform used widely.

In 2020, he helped launch the exchange HIDL HIDL lendingThe first product for borrowing and non -trustee P2P lending in the bitcoin area.

The product gained a traction in Latin America and Southeast Asia, where it was used to facilitate the microlone, while the likes of Preston Bish (now a strategic adviser for Debifi) Take care of the product And the famous CypherPunk Adam again Sing her praise.

According to Kei, it’s the high -quality reputation of the team behind Hodl Hodl, some of whom now work on Debifi, and this attracts users to Debifi.

“Many lenders and borrowers go to Debifi because they know the team has a very wide experience,” Ki told Bitcoin.

He added: “People are satisfied, as we went through multiple bear courses and we were able to survive.”

“Now, we took the concept of lending in Hodl Hodl and moved to the institutional space.”

From my banker to bitcoiner

For 10 years before finding Bitcoin, Kei worked as a private banking.

He resigned from his position before “going to the full bunny bunny hole” at the end of 2015, in part in response to an experience he had with one of his clients.

“A year before resignation, I was sitting at a meeting in the banking office with one of my clients and he was showing me his phone and saying,” You know at some point in the future, I will not need you because I have Bitcoin. “

Then the customer began sending $ 15,000 from Bitcoin to contact Brazil, according to Kei, who believed that his client was crazy. However, it didn’t take a long time until Kei realizes that his client was not crazy, but instead, on something.

“I started doing my own research, and I quickly realized that Bitcoin is a real thing,” Ki said.

Kei axis to Bitcoin shortly after. However, after spending eight years in construction in Bitcoin space, it is believed that banks will continue to play a role in a very future.

“The banks will not disappear,” Ki explained.

“They will become the infrastructure of Bitcoin companies, for startups, for everyone. They are still from the spine.”

I realized this when banks and other financial institutions began to express their interest in using lending in the Hodl Hodl product.

Discrimination with Debifi

Within months of Hodl Hodl lending, institutions have contacted Hodl Hodl, which requests the use of the articles of association.

Ki recalls, “They said,” We want to be available for bitcoin lending. “

“But we did not want to mix the world of microbial spending with the world of institutional lending. We realized that we needed to do something different. This is how the concept of Debifi appeared to exist.”

In 2022, Kei started brainstorming. A year later, they raised money from investment capital companies, including Ten31 and Timoshen To build a lifetime minimal product (MVP). By March 2024, Debifi was direct.

The platform operates in the experimental version, and the official version will be broadcast at the end of the month. However, Kei explained that Debifi is already fully working.

“Just because the product in the experimental version does not mean that it is not practically – it actually works completely,” he said.

This leads us to the following question: How exactly does Debifi work?

How works Debifi

Debifi is a website and mobile application, and the two work alongside.

“We have a very unique value suggestion that the mobile phone application works as a major storage,” said Ki. “The mobile phone application becomes a wallet, stores your key, but you need to use the web site in order to engage in contracts.”

When you sign a transaction, or create a warranty to obtain a loan, or pay a loan, you use the mobile phone application to do so.

Users can also choose to use Cold Card Devices (MK4 or Q) instead of the mobile phone application, Kei hopes to add support to other devices wallets as well.

“We want to support jade from Blockstream, Professor Book devices, Trezor devices, basis passport, and bitbox – all these good names – because we want to provide flexibility to our customers,” Kei explained.

Debifi loans are inserted into a multi -wallet (Multisig) that includes four switches, three of which are needed to sign transactions.

“In DEBIFI, we have a unique multi -signature,” said Ki. “All loans are kept in a 3 -f-4 Multsig wallet, while the standard is 2 outside 3.”

The borrower, lender and Debifi carry each key, while the fourth is kept it. Kei claims that having a fourth key holding a trustworthy organization such as Anchorwatch increases security significantly.

Ki said: “With the keys to institutions, even if the lender and borrower keys are somehow, you still need to get another key,” Ki said. “If we remove an anchor and go with a simple model 2 outside 3, we may end up in a position in which the attackers are key and the attacker does not need a third key.”

Debifi loans are exceeded (the forced rank occurs if the value of bitcoin guarantees decreases to less than a certain level, which varies based on the agreement between the borrower and the lender) and a average APR is slightly higher than 10 %.

He made it clear that his team’s research showed that many are ready to push the top APR to get non -guardian loans.

“After a while, we talked to 300 bitcoiner and gave them a very simple option: you can borrow a 8 % interest guard rate or you can borrow it unrealistic at an interest rate of 11 % or 12 %,” I explained. “91 % of people said they prefer to keep their keys.”

Users can get loans of up to one million dollars across the platform, and the loan periods range from three to 12 months. As of April, this will expand to 24 months.

Users can borrow in US dollars, US dollars, euro, and Swiss franc, and Debifi adds to add British pounds, Brazilian realism, and Mexican peso to that list.

Debifi is the construction fees, which it takes from the warranty that has been placed in the guarantee, and has a dispute settlement team that helps solve loan payment issues and other problems.

What is the following for Debifi

As we mentioned, Debifi only He brought Breston Bish as a strategic consultant In efforts to help the company in communication and publicity. Pysh will also advise how to improve the Debifi product.

The company also plans to partnership with Asset Management Department at Blockstream (BAM). BAM Debifi will be used as a technical provider for institutions that look forward to providing Bitcoin -backed lending products.

Moreover, Kei noted that a number of other important partnerships are in the pipeline as well, and that Debifi will announce them in the coming months.

I conclude with a field for all the institutions there who may be interested in working with Debifi.

“Debifi helps you connect and play the Bitcoin -backed lending world as an institution,” said Ki.

“We provide you with all the necessary infrastructure. We will be on board, and we will guide you with special support. We will provide you with all the necessary tools.”

“Effectively, we will be like one store. Not only do not you have to build these things because they are already present, we offer you customers, which we allow you to communicate directly. The best part is that as a liquidity provider, do not pay us anything. Zero.”

It is difficult not to say that Kei and his team are on something here.