Terms at a glance
| Product model | Centralized |
|---|---|
| Advertised rate | 14.18% · Published APR |
| Rate conditions | Product calculator lists 12% interest; APR includes costs. Large minimums apply. |
| Collateral | BTC |
| LTV | 50% equivalent to 200% collateral-to-principal |
| Term / structure | 12 payments; interest every 30 days |
| Funding | USD |
| Collateral model | Multisignature collaborative custody; no rehypothecation |
| Fees | Origination fee reflected in APR and net proceeds |
Source: Unchained documentation. Figures describe the reviewed product, not an offer available to every borrower. See rate-source notes for documented discrepancies.
What to weigh up
Why borrowers consider it
Borrower participation in collaborative custody, onchain verification and a stated no-rehypothecation policy.
Tradeoffs and responsibilities
The published APR is higher than Ledn’s listed tiers, with regular interest payments and substantial minimum loan sizes.
Common questions about Unchained
These answers cover borrowing costs, collateral and repayment. Eligibility and the signed agreement determine the terms of an actual loan.
What is Unchained and how does borrowing work?
Unchained is a distinct alternative for borrowers who prioritize a multisignature collateral arrangement and can meet its commercial-loan minimums.
What rate does Unchained charge?
The reviewed source shows 14.18% (published apr). Product calculator lists 12% interest; APR includes costs. Large minimums apply.
Which collateral can I use with Unchained?
The documented collateral is BTC. 50% equivalent to 200% collateral-to-principal. Supported assets and limits must match the specific product and account offer.
Who controls collateral with Unchained?
The documented model is: Multisignature collaborative custody; no rehypothecation. The published APR is higher than Ledn’s listed tiers, with regular interest payments and substantial minimum loan sizes.
How long can I borrow and what can I receive?
The documented term or structure is: 12 payments; interest every 30 days. Funding is described as USD. Confirm the repayment asset and schedule before borrowing; a crypto payout may require a separate conversion to pay a fiat expense.
What fees should I include in a Unchained quote?
Origination fee reflected in APR and net proceeds. Compare net proceeds and the payoff amount on your planned repayment date. Avoid adding a charge twice if it is already included in APR.
Is Unchained only for incorporated businesses?
The current page also lists individuals, trusts and sole proprietors for commercial loans, generally with a $500,000 minimum. This is not confirmation that every personal borrowing purpose is eligible.
Can I lose collateral when borrowing through Unchained?
Yes. Collateral-price declines, interest accrual or failure to meet repayment obligations can lead to collateral sales under the applicable rules. Custody, counterparty, smart-contract and operational risks depend on the product. Keep a repayment and collateral-management plan; no rate or starting LTV makes a loan risk-free.
Sources and further reading
These answers summarize the dated research used throughout this site. They do not reflect hands-on borrowing tests or a live rate feed. Read the methodology.