Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs

Buyers acquire entry to bitcoin at beneath market charges through ahead hashrate contracts immediately from miners.

Miners have instant entry to liquidity and might hedge in opposition to market volatility.

Loka Mining has launched a protocol with a decentralized bitcoin (BTC) mining pool that enables miners to promote their future rewards to institutional traders at a reduction and offers them instantaneous entry to money for operational use.

The product, in collaboration with sustainable miner Hashlabs, is more likely to enchantment to firms whose income has been hit by the current halving, and presents a means of hedging in opposition to market volatility.

Loka will launch a permissionless protocol that provides traders entry to bitcoin at below-market costs via ahead hashrate contracts immediately from the miners, the corporate mentioned in a Tuesday press launch. The contracts shall be overcollateralized and tokenized for instant liquidity in secondary markets, Loka mentioned.

“We’ve seen super curiosity from bigger traders looking for higher methods to entry bitcoin, and because of Hashlabs’ provide of hashrate and entry to miners, we’re offering that – with no counterparty danger,” mentioned Andy Fajar Handika, founding father of Loka, within the launch.

“This protocol offers non-custodial, trust-minimized entry to bitcoin that rewards miners for the work they do offering a essential service for the community,” Handika mentioned.

Loka’s traders and backers embrace BTC Startup Lab, Dfinity Basis, Outlier Ventures and Kilonova Ventures.