According to @Excellion on X, his earlier post was satirical and the actual fine print he highlighted was a 4% annual capital fee on the highest borrowed amount, with 3% interest only for small loans and 5% for larger loans (source: @Excellion on X). According to @Excellion on X, Lava is marketing 5% loans plus an extra 2% capital fee, which can make total costs higher than standard loans once the extra fee is included (source: @Excellion on X). According to @Excellion on X, USD lending yields are generally 7–9% and most platforms lend at 9–12%, so sub-5% offers are likely promotional, size-limited, or riskier to sustain at scale (source: @Excellion on X). According to @Excellion on X, BTC-backed borrowers should not expect sustainable rates below the broader USD lending market because lenders will prefer 7–9% alternatives if available (source: @Excellion on X). According to @Excellion on X, the trading takeaway is that BTC borrowing costs are anchored by USD market rates, not headline 3–5% promos (source: @Excellion on X).