Firefish protocol is very useful for loans. Using the taproot multisig transactions to put a timelock on BTC as security. With several presigned transactions for possible outcomes like, refunded, margin call, failed to refund. In case the company doesn't exist anymore, the borrower can publish the presigned recovery transaction.
No need to trust any company, fully based on the Bitcoin code.
ARN0NYM
•
Dec 18, 2024
This probably requires a BaFin license
Wave Space Explorers
Team•
Dec 18, 2024
We’re already on track to deliver a v1 of this feature.
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Comments3
Keoki73
May 28, 2025
Firefish protocol is very useful for loans. Using the taproot multisig transactions to put a timelock on BTC as security. With several presigned transactions for possible outcomes like, refunded, margin call, failed to refund. In case the company doesn't exist anymore, the borrower can publish the presigned recovery transaction.
No need to trust any company, fully based on the Bitcoin code.
ARN0NYM
Dec 18, 2024
This probably requires a BaFin license
Wave Space Explorers
Dec 18, 2024
We’re already on track to deliver a v1 of this feature.