> ## Documentation Index
> Fetch the complete documentation index at: https://docs.mezzamine.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Program Terms

> Loan denomination, tenors, repayment structures, interest rates, and use of capital.

## Loan Denomination

All Mezzamine loans are denominated in BTC. Principal, interest, and repayments are all in BTC. Settlement is executed through institutional custody and settlement infrastructure.

## Tenors

Secured Loans run from six months to two years. Lines of Credit are revolving facilities with defined draw periods.

## Repayment Structures

Programs accommodate multiple repayment structures depending on borrower profile.

* **Amortizing structures** use fixed principal and interest payments.
* **Block reward share structures** direct a defined percentage of mined BTC to repayment, with the remainder retained by the borrower.
* **Coupon-plus-balloon structures** combine periodic interest payments with principal repaid at maturity.

## Interest Rates

Rates are program-specific and set at origination based on borrower profile, collateral composition, hedging strategy, and market conditions. All rates are denominated in BTC and applied to BTC principal.

## Use of Capital

Loan proceeds are deployed into BTC mining operations: ASIC procurement, fleet expansion, mining infrastructure, power contracts, and hosting arrangements. Proceeds may not be rehypothecated, repledged, or deployed into investment, trading, or yield-seeking activities outside mining.