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2025-01-17 23:16:41"Backed by Crypto" is a 🚩. Unchained is better because you have some assurance against rehypothication, but the counterparty risk is too great vs. the reward in my opinion. I can't see risking my sats, even with a reputable company like unchained for a loan with a double-digit interest rate. I tool a 15k loan with a 10% interest rate backed by nothing to buy a new Air Conditioner. Why risk 40k sats for a 15k loan with an 11% interest rate? If it's because your credit sucks, realize that it sucks because you are more likely to get liquidated.