The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 7, Jack Mallers' Strike launched bitcoin loans designed to protect borrowers from liquidations caused by price volatility. Partial collateral liquidation only occurs if a borrower misses interest or maturity payments and fails to pay within a grace period. On July 8, Mallers launched a bitcoin-backed loan product that eliminates price-triggered liquidations.