Self-Custody Bitcoin Lending Is Here. Here's How It Works. | w/ Kevin Bell from Cadena Bitcoin

What if you could borrow against your Bitcoin without ever giving up your keys? On this episode of Hard Money Dispatch, I sit down with Kevin Bell to discuss Kadena Bitcoin, a platform building peer-to-peer Bitcoin lending with full self-custody. No middlemen. No custodial risk. Just borrowers and lenders interacting directly, with Bitcoin as collateral that never leaves your control. We get into why Bitcoin needs functioning credit markets to reach its full potential, how Kadena's model eliminates the counterparty risk that destroyed platforms like Celsius and BlockFi, and what it means for Bitcoin to offer fixed yield that can attract capital from traditional finance. Kevin also breaks down how Kadena's collateral pool system works, their loan-to-value options, and why there are no liquidations until the end of a loan term. Plus, we discuss Kadena 2.0 and what's coming next as Bitcoin lending matures. If you believe in a future where Bitcoin serves as the foundation of a new financial system, this conversation is worth your time. Topics covered: Why credit markets are essential for Bitcoin's growth How self-custody lending works in practice The risks of custodial models and what went wrong with previous platforms Cadena's unique approach to collateral and loan terms What Cadena 2.0 will bring to the table The broader implications for Bitcoin adoption and sovereignty Connect with Kevin Bell and Cadena Bitcoin: https://cadenabitcoin.com/ https://x.com/cadenabitcoin https://cadenabitcoin.com Subscribe to the Hard Money Dispatch newsletter: https://brian-nibleys-newsletter.beehiiv.com