Strike Adjusts Loan Policies Amid Crypto Market Volatility
- BTC lending platform Strike has revised its bitcoin-backed loan policies due to increased market volatility.
- The margin call recovery period for loans has been extended from the previous duration of just one day.
- Loan-to-value thresholds have been adjusted to provide borrowers with greater flexibility.
Strike’s policy updates aim to accommodate borrowers during periods of heightened market fluctuations by offering more time and flexibility in managing their bitcoin-backed loans.
By extending the margin call recovery window and adjusting loan-to-value ratios, Strike seeks to mitigate risks associated with volatile market conditions for its clients. (Source)
