Competitive Analysis

Competitors	Annual Loan Volume (2024)	Supported Tokens	Annual Interest Rate	Origination Fee (based on loan amount)	Overall Cost ($10k, 90 days)
BM.Finance	N/A	BTC/ETH (LTV: 50%) USDT/USDC(LTV: 95%) Restaked/Wrapped, RWA	0% - 9.5%	$0 or $50	$0.00 - $147.95
Ledn.io	$1.67 billion in till Q3 in 2024	BTC/ETH (LTV: 50%)	Starting at: 10.4%	2%	$456.44
Antalpha	$1.6 billion	BTC (LTV: 50% - 80%)	8.5%	2% (On/off ramp)	$409.59
Aave	$13 billion	BTC(LTV:73%)/ETH(LTV:80%)/USDC(LTV:75%)/USDC(LTV:75%)/DAI(LTV:63%)	3.5% - 7.5%	2% (On/off ramp)	$286.30 - $384.93