Compare Surge
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How much cash you need ($)

$100$1,000,000

Factor	Lygos	Surge Credit
Lending
Type	Loan (bilateral, 1 lender : 1 borrower)	Credit Line (pooled market)
Interest Rate	~10% APR (negotiated, 0–15% range)	From 6.9% APR (Variable) / 9.9% (Fixed)
Origination fee	None	None
Duration	Flexible, negotiated per deal	12 months, rollover anytime
Terms	Repay anytime. Requires consultation to structure.	Repay any amount, anytime. Self-serve.
Fast access to funds	~30 min after onboarding	~30 min
LTV flexibility	✓ 50–70%	50% (expanding)
Globally accessible	✓	✓
KYC required	Yes	No
Bitcoin Custody
Custodian	Bitcoin (DLC 2-of-2 multisig)	Bitcoin (Taproot vault)
On-chain verifiable collateral	✓	✓
Segregated collateral	✓	✓
Bitcoin-native (no wrapping)	✓	✓
Zero rehypothecation	✓	✓
Unilateral exit	2-of-2 requires both parties to cooperate	✓

Lending

Type

LYGOS: Loan (bilateral, 1 lender : 1 borrower)
SURGE: Credit Line (pooled market)

Interest Rate

LYGOS: ~10% APR (negotiated, 0–15% range)
SURGE: From 6.9% APR (Variable) / 9.9% (Fixed)

Origination fee

LYGOS: None
SURGE: None

Duration

LYGOS: Flexible, negotiated per deal
SURGE: 12 months, rollover anytime

Terms

LYGOS: Repay anytime. Requires consultation to structure.
SURGE: Repay any amount, anytime. Self-serve.

Fast access to funds

LYGOS: ~30 min after onboarding
SURGE: ~30 min

LTV flexibility

LYGOS: ✓ 50–70%
SURGE: 50% (expanding)

Globally accessible

LYGOS: ✓
SURGE: ✓

KYC required

LYGOS: Yes
SURGE: No

Bitcoin Custody

Custodian

LYGOS: Bitcoin (DLC 2-of-2 multisig)
SURGE: Bitcoin (Taproot vault)

On-chain verifiable collateral

LYGOS: ✓
SURGE: ✓

Segregated collateral

LYGOS: ✓
SURGE: ✓

Bitcoin-native (no wrapping)

LYGOS: ✓
SURGE: ✓

Zero rehypothecation

LYGOS: ✓
SURGE: ✓

Unilateral exit

LYGOS: 2-of-2 requires both parties to cooperate
SURGE: ✓

Thinking about switching?

Whether you're exploring alternatives, planning a migration, or just want to understand the differences - we're happy to talk.