Are you ready for a game-changing update in the world of Bitcoin? Templar Protocol has just made a groundbreaking move by launching its mainnet and introducing the innovative "Cypher Lending" protocol. This revolutionary approach allows users to borrow U.S. dollar stablecoins using their native Bitcoin directly, without any intermediaries getting in the way.
Empowering Bitcoin Holders with Cypher Lending
A New Era of Decentralized Finance
Templar Protocol's mainnet launch is a breath of fresh air in a landscape where institutional custody services are increasingly controlling a significant portion of the Bitcoin supply. With Coinbase alone holding more than 10% of circulating BTC, the need for a decentralized lending solution has never been more apparent.
The Technology Behind Templar Protocol
Decentralized Security and Efficiency
Templar's innovative protocol combines decentralized Multi-Party Computation (MPC) network technology with smart contracts to ensure the security and integrity of user collateral. By leveraging this technology, Templar eliminates the need for traditional custodians, offering a more secure and efficient lending experience.
The Vision of Templar Protocol
Restoring Bitcoin's True Purpose
According to Royal F00l, the founder of Templar Protocol, Bitcoin was meant to disrupt traditional banking systems, not to become a tool for financial institutions to control. With Templar, Bitcoin regains its position as a censorship-resistant asset, enabling permissionless borrowing and lending without intermediaries.
- Permissionless access without KYC requirements
- Open-source architecture with no administrative backdoors
- Privacy-first design for user confidentiality
The Future of Bitcoin Lending
Setting New Standards in Decentralized Finance
Templar's roadmap includes enhancing privacy features, expanding accessibility through integration with Prime Brokers and wallet providers, and ensuring protection against predatory liquidations. This forward-looking approach could establish a new benchmark for cross-chain DeFi interactions.
Ready to explore Templar's revolutionary lending solution? The mainnet is now live and accessible through their website, complete with documentation and support. Join the movement towards decentralized finance while upholding the principles of user sovereignty and permissionless access.
Frequently Asked Questions
How does a Gold IRA account work?
For people who are looking to invest in precious materials, Gold Ira account accounts provide tax-free investments.
You can purchase physical bullion gold coins at any point in time. To start investing in gold, it doesn't matter if you are retired.
The beauty of owning gold as an IRA is you can hold on to it forever. Your gold holdings will not be subject to tax when you are gone.
Your gold will be passed on to your heirs, without you having to pay capital gains taxes. Your gold is not part of your estate and you don't have to include it in the final estate report.
To open a IRA for gold, you must first create an individual retirement plan (IRA). After you do this, you will be granted an IRA custodian. This company acts as a mediator between you, the IRS.
Your gold IRA custody will take care of the paperwork and send the forms to IRS. This includes filing annual reporting.
Once you've established your gold IRA, you'll be able to purchase gold bullion coins. The minimum deposit is $1,000. However, you'll receive a higher interest rate if you put in more.
You will pay taxes when you withdraw your gold from your IRA. You will be liable for income taxes and penalties if you take the entire amount.
You may not be required to pay taxes if you take out only a small amount. However, there are some exceptions. For example, taking out 30% or more of your total IRA assets, you'll owe federal income taxes plus a 20 percent penalty.
You shouldn't take out more then 50% of your total IRA assets annually. If you do, you could face severe financial consequences.
Is gold a good IRA investment?
Anyone who is looking to save money can make gold an excellent investment. You can also diversify your portfolio by investing in gold. But gold is not all that it seems.
It has been used throughout the history of currency and remains a popular payment method. It's often referred to as “the world's oldest currency.”
But unlike paper currencies, which governments create, gold is mined out of the earth. That makes it very valuable because it's rare and hard to create.
The supply and demand for gold determine the price of gold. The strength of the economy means people spend more, and so, there is less demand for gold. This results in gold prices rising.
On the flip side, when the economy slows down, people hoard cash instead of spending it. This increases the production of gold, which in turn drives down its value.
This is why both individuals as well as businesses can benefit from investing in gold. You'll reap the benefits of investing in gold when the economy grows.
Your investments will also generate interest, which can help you increase your wealth. Plus, you won't lose money if the value of gold drops.
What are some of the advantages and disadvantages to a gold IRA
An Individual Retirement Account (IRA), unlike regular savings accounts, doesn't require you to pay tax on interest earned. An IRA is a great way to save money and not have to pay taxes on the interest you earn. There are some disadvantages to this investment.
If you withdraw too many funds from your IRA at once, you may lose all your accumulated assets. You may also be prohibited by the IRS from making withdrawals from an IRA after you turn 59 1/2. You will likely have to pay a penalty fee if you withdraw funds from an IRA.
A disadvantage to managing your IRA is the fact that fees must be paid. Many banks charge between 0.5%-2.0% per year. Other providers charge monthly management costs ranging from $10-50.
If you prefer your money to be kept out of a bank, then you will need insurance. Insurance companies will usually require that you have at least $500,000. Some insurers may require you to have insurance that covers losses up $500,000.
If you choose to go with a gold IRA, you'll need to determine how much gold you want to use. You may be limited in the amount of gold you can have by some providers. Some providers allow you to choose your weight.
It's also important to decide whether or not to buy gold futures contracts. Physical gold is more expensive than gold futures contracts. Futures contracts allow you to buy gold with more flexibility. They enable you to establish a contract with an expiration date.
You'll also need to decide what kind of insurance coverage you want. The standard policy does NOT include theft protection and loss due to fire or flood. However, it does cover damage caused by natural disasters. If you live near a high-risk region, you might want to consider additional coverage.
You should also consider the cost of storage for your gold. Insurance doesn't cover storage costs. In addition, most banks charge around $25-$40 per month for safekeeping.
You must first contact a qualified custodian before you open a gold IRA. A custodian maintains track of all your investments and ensures you are in compliance with federal regulations. Custodians aren't allowed to sell your assets. Instead, they must keep your assets for as long you request.
After you have decided on the type of IRA that best suits you, you will need to complete paperwork detailing your goals. The plan should contain information about the types of investments you wish to make such as stocks, bonds or mutual funds. It is also important to specify how much money you will invest each month.
After filling out the forms, you'll need to send them to your chosen provider along with a check for a small deposit. After reviewing your application, the company will send you a confirmation mail.
A financial planner is a good idea when opening a gold IRA. Financial planners are experts in investing and will help you decide which type of IRA works best for your situation. They can also help reduce your costs by suggesting cheaper options for purchasing insurance.
How much are gold IRA fees?
An Individual Retirement Account (IRA) fee is $6 per month. This includes account maintenance and any investment costs.
If you want to diversify, you may be required to pay extra fees. The fees you pay will vary depending on the type of IRA that you choose. Some companies offer free checking accounts, but charge monthly fees to open IRA accounts.
A majority of providers also charge annual administration fees. These fees are usually between 0% and 1%. The average rate for a year is.25%. However, these rates are typically waived if you use a broker like TD Ameritrade.
Statistics
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
External Links
finance.yahoo.com
bbb.org
investopedia.com
- Are You a Good Candidate for a Gold IRA
- What are the Options Types, Spreads. Example. And Risk Metrics
cftc.gov
How To
Investing in gold vs. investing in stocks
These days, it might seem quite risky to invest your money in gold. This is because most people believe that it is no longer economically profitable to invest gold. This belief comes from the fact most people see gold prices falling due to the global economy. They think that they would lose money if they invested in gold. There are many benefits to investing in gold. Below we'll look at some of them.
One of the oldest currencies known to man is gold. There are thousands of records that show gold was used over the years. It was used by many people around the globe as a currency store. It is still used as a payment method by South Africa and other countries.
Consider the price per gram when you decide whether you should invest in or not. When looking into buying gold bullion, you must decide how much you are willing to spend per gram. You could contact a local jeweler to find out what their current market rate is.
It's worth noting, however, that while gold prices have fallen recently the cost of producing gold is on the rise. The price of gold may have fallen, but the production costs haven’t.
It is important to keep in mind the amount you plan to purchase of gold when you're weighing whether or not it is worth your time. It makes sense to save any gold you don't need to purchase if your goal is to use it for wedding rings. But, if your goal is to make long-term investments in gold, this might be worth considering. If you sell your gold for more than you paid, you can make a profit.
We hope this article has given you an improved understanding of gold investment tools. We strongly recommend that you research all available options before making any decisions. Only after doing so can you make an informed decision.
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By: Vivek Sen
Title: Revolutionizing Bitcoin Lending: Templar Unveils Intermediary-Free Solution
Sourced From: bitcoinmagazine.com/news/templar-launches-native-bitcoin-lending-without-intermediaries
Published Date: Tue, 30 Sep 2025 14:37:57 +0000
