How Bitcoin Millionaires Use Their BTC Without Selling It | Shehzan Maredia

Lava explains how Bitcoin-backed loans, stablecoin rails, and a Visa-enabled Lava card deliver low-cost liquidity, real-time spending, robust risk controls, and product-led growth.

Key Takeaways

Loans are funded in stablecoins and backed by Bitcoin collateral; the Lava card uses Visa rails so users spend balances in real time without merchant stablecoin support.
Lava sources diversified capital from credit funds and banks, gaining regulatory tailwinds that enable industry-low rates and competitive loan pricing.
Risk controls include 50% LTV offers, auto-adding unpledged Bitcoin to collateral, 24/7 liquidation protection and alerts; recent average LTV ~30% and under 1% weekly liquidations.
Deposit products yield ~6–6.5% by lending dollar deposits into treasuries or Bitcoin-backed loans; users choose between treasury yield and Bitcoin exposure.
Hiring focuses on in-person teams (primarily NYC) built via trusted referrals; most hires come from FinTech and select Bitcoin engineers for core roles.
Engineering minimizes AI-written production code, prioritizes precision and strong engineering culture; company experiments with AI but is most bullish on Bitcoin, stablecoins, and tokenization.
Mission-driven: prioritize simple savings and useful products for ordinary people; skeptical of speculative crypto projects, focusing on real utility and regional product expansion.

Original Source

Visit Source