Getting started
A Step-by-Step Guide for Borrowers
Download the App &
Create Account
Begin by downloading the Debifi app. This is your first step towards a secure and transparent loan process. Once installed, create your account and take a moment to back up your private keys.
This step ensures that you maintain full control over your contracts and transactions within the app.
Sign the contract
with the Debifi App
Navigate through our user-friendly browser platform to find the loan offer that best suits your needs. Once you've made your selection, you'll initiate the contract signing process. Provide your public keys and use the Debifi app to securely sign the contract.
This action establishes a ¾ multisig escrow for your Bitcoin collateral, adding an extra layer of security and peace of mind.
Deposit collateral
& receive loan
Deposit your Bitcoin collateral into the designated ¾ multisig escrow system. This step finalizes the transaction process, ensuring that your collateral is safely locked away until the loan terms are fulfilled.
Upon confirmation of your collateral deposit, the lender will disburse the loan amount to the address specified in your contract, completing the transaction and providing you with the funds you need.
