Centralized lender comparison
Compare Figure's fixed-rate BTC, ETH, and SOL loans with Stackit.ai's variable-rate treasury-policy workflow.
Last reviewed July 11, 2026 · Official sources linked below
Short answer
Figure offers a packaged 12-month, interest-only crypto-backed loan with fixed pricing, up to 75% initial LTV, and optional price-movement liquidation protection in limited states. Stackit.ai is a recurring treasury-policy layer using Aave variable rates. Figure fits a borrower seeking a straightforward cash loan; Stackit.ai fits a business or agent operating an ongoing BTC/ETH treasury.
This compares product structure, not just the lowest advertised APR. Rates, LTVs, eligibility, fees, and market parameters can change.
| Dimension | Stackit.ai | Figure Crypto-Backed Loans |
|---|---|---|
| What it is | A treasury policy and orchestration layer that uses third-party lending markets. The public product currently includes a self-serve sandbox and live market-rate reads; production access is assisted and the Base production API is marked in development. | A centralized crypto-backed cash loan originated and serviced through Figure's lending and markets ecosystem. |
| Borrow rate | The underlying Aave variable borrow rate is passed through and shown separately from Stackit.ai action fees. Live native-USDC rates are available for Base, Arbitrum, and Polygon. | Fixed interest by LTV; Figure currently publishes 9.999% APR at 50% LTV and up to 12.62% APR at higher LTV, subject to change. |
| LTV and downside response | Rules are designed to monitor LTV and prepare or execute approved repayment actions as risk rises. Exact thresholds and execution depend on the approved policy, liquidity, oracle data, gas, and production availability; liquidation risk cannot be eliminated. | Up to 75% initial LTV under standard terms; separate Liquidation Protection disclosures currently cap protected loans at 50% origination LTV. Standard loans receive warnings and margin calls, with liquidation possible at 90% LTV. Optional protection removes price-triggered calls/liquidation during the term but not delinquency risk. |
| Custody and control | Documented wallet-sovereign flows return unsigned transactions. Delegated automation requires revocable, policy-scoped permission; Stackit.ai says it does not hold private keys. | Figure describes segregated MPC custody and no rehypothecation for pledged BTC, ETH, and SOL. |
| Term | No separate fixed loan term in the public sandbox; the underlying onchain market determines the debt mechanics. | Twelve-month interest-only term, with principal and deferred interest due at maturity unless renewed under then-current terms. |
| Other costs | Aave interest plus published Stackit.ai per-action fees and network/protocol costs. Current fees are itemized in fees.json; protection and repayment actions carry no Stackit.ai fee, though gas and protocol costs can still apply. | Interest, currently published 1% origination fee, optional protection cost, and possible 2% liquidation processing fee where allowed. |
About the alternative
Figure currently supports BTC, ETH, and SOL collateral. Its calculator publishes different pricing at 50% and higher starting LTVs, a 1% origination fee, margin-call rules, and optional Liquidation Protection with separate eligibility and cost. Exact offers depend on date, jurisdiction, and borrower terms.
The key distinction
Figure originates and services a conventional fixed-term loan. Stackit.ai instead exposes underlying Aave rates, policies, previews, fees, and permissioned treasury actions. Figure is currently the more complete retail cash-loan product; Stackit.ai is the more programmatic treasury model.
Eligible borrowers who want fixed pricing, fiat proceeds, interest-only payments, and a 12-month lender loan against BTC, ETH, or SOL.
Teams and agents that want recurring BTC/ETH accumulation and borrowing rules, live onchain rates, and API/MCP workflows.
Figure's current standard-loan FAQ says up to 75% initial LTV. Its optional Liquidation Protection disclosure separately states a 50% maximum at origination for protected loans.
No. Figure says Liquidation Protection is optional, available only in specified states, and offered for an additional fee.
Figure's current disclosures describe different lending entities and jurisdiction rules. New York appears available through Figure Markets Credit, while applicants should confirm their exact state eligibility and protection availability before applying.
Competitor facts come from official product or protocol documentation. Stackit.ai facts come from its public docs, endpoints, and current availability switch. Marketing rates are not treated as guaranteed offers. Review your personalized terms before borrowing.
Educational comparison only; not financial, legal, tax, or investment advice. Crypto-backed loans can lose collateral through liquidation, smart-contract failure, oracle error, market gaps, custody failure, or other execution risks.
Start with live protocol rates, add every fee, then test how your LTV behaves before you choose a borrowing path.
