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Lygos’s Non-Custodial Bitcoin Model Aims to Banish Ghosts of Crypto Lending Collapse

Lygos’s Non-Custodial Bitcoin Model Aims to Banish Ghosts of Crypto Lending Collapse

Author:
Coindesk
Published:
2025-08-28 12:00:00
20
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Lygos Aims to Banish Ghosts of Crypto Lending Collapse With Non-Custodial Bitcoin Model

Breaking the Custody Curse: New Bitcoin Lending Model Emerges From Crypto's Ashes

Non-Custodial Revolution

Lygos throws down the gauntlet against centralized lending failures—their protocol never holds your keys. Bitcoin stays in your wallet while generating yield. Finally, a solution that doesn't require trusting third parties with your assets.

Ghosts of Celsius Past

Remember the billion-dollar blowups? Lygos built this model specifically to prevent repeat disasters. No more rehypothecation, no more opaque balance sheets—just transparent, on-chain verification.

Finance's Ironic Twist

Traditional banks get bailouts while crypto gets blame—yet here's DeFi solving the very trust problems that plague legacy finance. The irony isn't lost on anyone who's watched banks fail with customer funds for centuries.

Bullish on Self-Custody

This isn't just another lending protocol—it's a fundamental shift toward true financial sovereignty. The market's finally learning: not your keys, not your coins... but now maybe your yield too.

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