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Why can't I deposit Bitcoin, ETH, MATIC, or some other non-stable asset?

Laso only accepts stable coins because they reduce volatility risk and simplify accounting. Supporting volatile assets would require additional infrastructure (automatic swaps or hedging).

We currently just accept stable coins, which makes ledger management much simpler. We can generally assume that the coins are pegged to a dollar (with depegging alerts set up).

Adding support for BTC or other non-stable assets just requires a new piece of infrastructure which is either:

  1. Initiating a swap for a stable asset once received. Or, more likely,

  2. Opening up a corresponding short hedge for the value of the asset deposited.

For Laso's business model, staying delta-neutral is important. We want to avoid adding volatility asset risk within the business, even if personally we may be long BTC.

Option 1 incurs some swap cost which can eat up our gross margin. Option 2 is a better solution, it just requires a bit more infra to be built to support it.

That is all to say: we want to support these assets, we just have to build a bit more to do it.

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