OnLock x Bitcoin Pizza Day 2026
Don’t Sell Your BTC — unlock USDT instead
Keep your BTC while accessing liquidity.
On May 22-23, secure a special 10% APR and get up to 1,500 USDT using BTC as collateral.
Limited offer: first 30 users only
Campaign Overview
This Bitcoin Pizza Day, you don’t have to choose between holding BTC and accessing funds
With OnLock, you can use BTC as collateral and receive USDT at a reduced 10% APR (standard rate: 15%). Open your position during the campaign window and lock in this rate for the full duration
What You Get:
May 22-23, 2026
Submit your request within this window to qualify
How It Works
Prepare your BTC
Use your balance on EMCD or deposit BTC
Open an OnLock Position
Between May 22-23, create a new position using BTC as collateral. Choose any amount up to 1,500 USDT
Get the 10% APR Rate
The promotional rate applies automatically (up to 60 days)
Who Qualifies
To participate, you must:
• Open a new OnLock position on May 22-23, 2026
• Use BTC as collateral (any ratio qualifies)
• Receive up to 1,500 USDT
• Be among the first 30 users
• Open only one promotional position per account
Already have BTC on EMCD? You’re good to go. If not, deposit BTC before or during the campaign.
The offer applies to new positions only. Existing positions are not eligible
10% APR applies across all collateral ratios
Fixed rate for up to 60 days
LTV range: 50-65%
Limited to 30 positions total
Campaign ends once all spots are filled (even before May 23 ends)
Additional positions follow the standard 15% APR
Terms and Conditions
• Campaign period: May 22-23, 2026
• The 10% APR applies to new OnLock positions only
• Maximum amount: 1,500 USDT per user
• One promotional position per user
• First-come, first-served (30 users total)
• Campaign ends automatically once the limit is reached
• BTC is the only accepted collateral
• Funds can come from your balance or a BTC deposit
• 10% APR applies regardless of collateral ratio
• Rate remains fixed for the full duration (up to 60 days)
• LTV range: 50-60%, maximum 65%
• Only positions opened during the campaign qualify
• Existing positions cannot be converted
• Verified account required
• Additional positions follow the standard 15% APR
• The organizer may revoke the offer in cases of abuse, multi-accounting, or fraudulent activity
• EMCD reserves the right to amend or cancel the campaign
• In case of discrepancies, the English version prevails
• Additional verification may be requested
No. Your BTC remains yours — it’s simply used as collateral to access USDT.
In most cases, within 15 minutes after opening your position.
Once you fully repay, your BTC is returned — typically within about 1 hour.
Only if your position reaches the liquidation level.
You stay in control by monitoring your LTV and taking action if needed (adding collateral or repaying part of the amount).
LTV (Loan-to-Value) shows the ratio between the USDT you receive and the value of your BTC.
Example:
If your BTC is worth $10,000 and you receive 5,000 USDT, your LTV is 50%.
Lower LTV = lower risk
• If BTC price drops, your LTV increases and risk goes up
• If BTC price rises, your LTV decreases and risk goes down
You’ll receive updates so you can manage your position.
Liquidation happens if your LTV reaches 95%.
At that point, your collateral is used to close the position.
You can avoid this by:
• Adding more BTC
• Partially repaying your balance
Yes. You can repay at any time. Once repaid, your BTC is released back to you.
It’s based on the average rate from 5 major exchanges, including Binance and Huobi, and is updated every few seconds.
Open a new position on May 22–23, 2026, and get a fixed 10% APR (instead of 15%) for up to 60 days.
To qualify, you must:
• Open a new OnLock position during May 22–23
• Use BTC as collateral
• Be among the first 30 users
• Open only one promotional position
Yes. Up to 1,500 USDT per user under the promotional rate.
No. The offer is valid for new positions only.