LYRO
How it works

Bitcoin, financed honestly.

Two sides: borrowers who buy Bitcoin over time, and lenders who supply the USDG that finances it.

  1. 01
    Choose your purchase

    Pick a USDG amount, a down payment of at least 30%, and a 6, 12, 24 or 36-month term.

  2. 02
    Review the agreement

    See the APR, monthly installment, total cost, initial LTV and liquidation point before signing.

  3. 03
    One atomic transaction

    Your down payment and lender financing buy cbBTC through an allowlisted route. If any step fails, everything reverts.

  4. 04
    Collateral is locked

    The cbBTC sits in a vault isolated to your position. No one — not even admins — can withdraw it.

  5. 05
    Pay monthly

    Pay installments, prepay principal, or settle early. Interest is charged only for time elapsed.

  6. 06
    Claim your Bitcoin

    Once your balance is zero, withdraw the full cbBTC collateral to your wallet.

Risk disclosures
  • cbBTC is a custodial token issued by Coinbase and backed by BTC it holds. It is not native Bitcoin.
  • Market liquidation requires Health Factor below 1.00. Target-health partial liquidation preserves remaining collateral; critical positions may be fully liquidated. Proposed risk settings are not independently validated as safe.
  • Liquidation execution costs are explicitly capped. Slippage and rapid price declines can consume borrower equity.
  • Each installment has a 604,800-second grace period. Partial payments do not cure all overdue obligations. Default recovery is separate from market liquidation; borrower surplus is protected, not automatically confiscated.
  • USDG can depeg or be restricted by its issuer.
  • Early repayment charges only interest accrued to date — no future interest, no penalties.
Risk disclosures
  • Returns are variable and not guaranteed. Projected APR is an estimate; 8–14% targets are illustrative only.
  • Funds lent to active financing cannot be withdrawn until repaid. Withdrawals are limited to available cash.
  • If liquidation does not recover the full debt, the loss is shared by all lenders through a lower share price.
  • The Security Pool holds only funded USDG and can be depleted. It does not guarantee or insure principal or returns. USDG and cbBTC carry issuer and custody risk.