Recently, there's an interesting phenomenon—investors holding BTC or ETH who don't want to move their assets but urgently need liquidity are starting to pay attention to some platforms' interest-free loan schemes. Simply put: using your digital assets as collateral to borrow other cryptocurrencies or fiat currency, without paying interest during the period. Sounds a bit tempting, doesn't it?

The logic behind this move isn't hard to understand. In a bear market, everyone's assets shrink, and they are reluctant to sell at a loss, but they are also tight on cash. Interest-free loans essentially offer a 'free leverage' opportunity. In the short term, they can indeed solve liquidity issues and may boost staking demand for BTC and ETH.

But there are pitfalls to watch out for. First, the zero-interest period can't last forever—what will the fee structure be afterward? These details are often hidden in the fine print of the terms. Second, if the collateralization ratio is set too high, a sudden price fluctuation could trigger a liquidation notice instantly. Additionally, how secure is the platform's own funds? These are all important considerations.

The biggest risk is actually psychological. Borrowing money to 'bottom fish' sounds appealing, but leverage is always a double-edged sword. A misjudgment can lead to significant margin calls. If you really want to operate this way, you need to assess how much risk you can still bear. While interest-free schemes are attractive, you shouldn't overlook the risks behind the absence of interest.