Hodl Hodl explains that the system allows anyone to become a lender or a borrower, set their own terms and create offers, all in a simple P2P Bitcoin decentralized finance (DeFi) system with no identity checks. Furthermore, the system will be borderless—nations have no meaning—with no fiat or custody.

Despite the U.S.'s charges against BitMEX, Hodl Hodl is adding KYC-free lending (Photo: Pixabay/Michael Treu)