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Borrowing dollars against Bitcoin costs about 3.8%–13.8% a year in the larger DeFi markets right now, and 7.49%–11.5% APR from lenders, depending on loan size and LTV. Lending out Bitcoin pays much less: close to 0% in DeFi, and up to about 4.7%–5.7% on centralized platforms.

The sale was organized by Say No to Data Centers Morgan County, a group that formed to oppose a proposed bitcoin mining facility near residents’ homes. What started as a request for donations on Facebook turned into a full-fledged fundraiser, with neighbors contributing whatever they could spare in the weeks leading up to the event.