Everyone’s tried to launch a Bitcoin-backed stablecoin.
Most failed quietly.
A few never even shipped.
None have scaled.
But $bvUSD? They might be onto something. 🧵
In crypto, Bitcoin-backed stablecoins have always sounded great on paper but rarely survived in the wild.
Too volatile. Too primitive. Or too disconnected from real market demand.
But with BitVault's $bvUSD, we may finally have a design that makes sense.
One that blends Bitcoin’s collateral strength with DeFi-native yield, compliant infrastructure, and the backing of real institutional players.
● How bvUSD Works
The core product is bvUSD, a BTC-collateralized stablecoin.
It draws inspiration from the Liquity model (DAI-style vaults with automated liquidations), but introduces new elements optimized for institutional-grade security and DeFi-native yield.
What makes it different?
> Overcollateralized BTC positions
> Whitelisted borrowing; avoiding the infinite mint exploits that plague open models
> Automated liquidations; via a fork of Liquity V2
> Compliance-aware design; permissioned issuance, real-market liquidation routes
> Launching on Katana, a new L2 incubated by Polygon Labs and GSR
This isn’t an algorithmic experiment or a wrapped BTC clone, it’s a purpose-built BTC-backed liquidity layer.
● How @BitVaultFinance Turns BTC Into Passive Yield
Beyond the stablecoin itself, BitVault introduces $sbvUSD a yield-bearing version of bvUSD.
Think of it like sDAI or sFRAX, but for BTC-native capital.
sbvUSD is powered by delta-neutral strategies from GSR abstracting yield generation into a liquid, scalable primitive that integrates across DeFi.
● What @BitVaultFinance Unlocks for DeFi and Bitcoin
1. Bitcoin is crypto’s strongest asset but underused in DeFi. BitVault fixes that.
2. Stablecoins are essential, but flawed: too centralized, risky, or inflexible. BitVault offers a new model.
3. Institutions want compliant, yield-bearing assets. BitVault is built for them.
4. If it works, BitVault isn’t just another stablecoin, it’s BTC-native liquidity infra.
● Conclusion
Stablecoins run crypto. @BitVaultFinance aims to upgrade them with Bitcoin at the core.
If it works, BTC becomes programmable, liquid, and yield-bearing.
4,428
0
本页面内容由第三方提供。除非另有说明，欧易不是所引用文章的作者，也不对此类材料主张任何版权。该内容仅供参考，并不代表欧易观点，不作为任何形式的认可，也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下，此类人工智能生成的内容可能不准确或不一致。请阅读链接文章，了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险，其价值可能会产生较大波动。请根据自身财务状况，仔细考虑交易或持有数字资产是否适合您。