The top platform for peer-to-peer Bitcoin lending is called Liquidium. With the use of special Bitcoin-based assets known as Ordinal Inscriptions (Ordinals) as collateral, users are able to lend or borrow Bitcoin. Discreet Log Contracts (DLCs) and Partially Signed Bitcoin Transactions (PSBTs), both on Layer-1 Bitcoin, safely enable this.
In addition to starting a points campaign, Liquidium has raised $1.25 million in funding from investors such as Sora Ventures and Bitcoin Frontier Fund. To accrue points, link your Bitcoin wallet to the platform and lend or borrow money. Get 10% of the points for every referral as well. Although they haven’t released their token yet, they have made mention of doing so in the future and exchanging points for tokens.
Step-by-Step Guide:
- Go to the website for Liquidium.
- After selecting “Connect,” link your Magic Eden or Xverse Bitcoin wallet.
- For using the Xverse wallet, you will receive 1.5 times as many points.
- First, you’ll need some Bitcoin. It is available on Binance.
- Proceed to “Lend,” choose an Ordinal collection, and make a Bitcoin loan.
- To borrow Bitcoin, go to “Borrow” and choose an Ordinal collection you own to use as security.
- As soon as you lend and borrow money on the site, you will begin to accrue points.
- Get 10% of the points for each referral as well.
- From the leaderboard page, you may monitor your points.
- Although they haven’t released their token yet, they have made mention of doing so in the future and exchanging points for tokens.
