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Practical guides to borrowing against Bitcoin, the tax mechanics of keeping versus selling, and how Merum's collateral and risk design work.
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LBTC explained: Lombard's wrapped Bitcoin and why Merum uses it as collateral
What LBTC is, how it differs from WBTC, cbBTC, and tBTC, its security model, and why Merum chose Lombard's wrapped Bitcoin as the collateral asset for v1 — plus how the protocol handles depeg scenarios.
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BTC capital gains tax: how borrowing against your Bitcoin defers it
Selling Bitcoin triggers capital gains tax. Borrowing against it generally does not. Here is how collateralized crypto loans are treated, a concrete worked example, and the honest caveats you need to know.
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How to borrow USDC against your Bitcoin (step-by-step)
A practical, step-by-step guide to borrowing USDC against your Bitcoin without selling it — wallet setup, LTV, liquidation, repayment, and a worked example using Merum's live parameters.
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