APX Lending has launched a five-year revolving line of credit backed by bitcoin and ethereum, offering up to 60% loan-to-value with no origination, liquidation, or early-prepayment fees. Unlike its fixed-term loans, which treat each borrowing need as a separate event, the new facility lets borrowers draw, repay, and redraw against one approved credit line without submitting new applications. Interest accrues only on the amount actually drawn, not the total facility size. Available credit fluctuates with the current market value of posted collateral, so a drop in bitcoin or ethereum prices can reduce borrowing capacity, while a rise can increase it up to the approved limit. Both assets can back the same facility simultaneously, with the combined value determining the borrowing base. Borrowers can repay principal at any time with no penalty, and repaid amounts become available to redraw once settled, subject to collateral value and facility limits. CAD repayments via pre-authorized debit take five days to settle; USDC repayments do not. There is no fixed repayment schedule, and the balance can be carried, partially paid down, or taken to zero.