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BITQUITY is launching a DeFi platform on Bitlayer, allowing Bitcoin holders to earn, borrow and stake with tools such as the stablecoin Bitcoin Backed Dollar (BBD).
London, United Kingdom, December 12, 2024 — BITQUITY is proud to announce the launch of its innovative decentralized finance (DeFi) platform, designed to unlock the full potential of Bitcoin holdings. Leveraging the Bitlayer ecosystem, BITQUITY allows users to earn passive income, access instant liquidity, and amplify their earnings through a suite of cutting-edge financial tools.
Main features of BITQUITY:
Bitcoin Backed Dollar (BBD): An over-collateralized stablecoin exclusively available on Bitlayer, offering stability and liquidity backed by Bitcoin.
0% Interest Borrowing: Users can borrow BBD against their Bitcoin collateral with zero interest rates, providing a cost-effective solution to access funds without selling assets.
Over-collateralized loans: To ensure security, loans require a minimum collateral ratio of 110%, with higher ratios recommended to mitigate liquidation risks.
Staking Opportunities: Stake BBD into the Stability Pool to earn SWAPE tokens and Bitcoin through liquidations. Additionally, SWAPE staking allows users to earn borrowing and redemption fees.
Flexible repayment: No maturity limit on loans allows users to repay at their convenience, providing unparalleled financial flexibility.
Innovative use cases:
Hedge: Stabilize investments against market fluctuations by holding BTC alongside other assets and recovering collateral at any time.
Leverage: Amplify returns with leveraged loans, borrowing additional funds for investments and increasing exposure to potential gains.
Liquidity: Benefit from multiple stabilization mechanisms, secure liquidations and redemptions, and intelligent swap routing for transparent transactions.
Built on Bitlayer, a native Bitcoin Layer 2 solution, BITQUITY addresses Bitcoin’s scalability and transaction cost challenges. Using the BitVM paradigm, Bitlayer achieves the Bitcoin purpose of trustless bridging and supports multiple virtual machines, making migration easier for developers.
“Our mission is to equip Bitcoin holders with decentralized financial tools that maximize the potential of their assets without compromising security or incurring high costs,” said Fab, CEO of BITQUITY. “BITQUITY represents a significant advancement in Bitcoin’s DeFi ecosystem, providing users with unprecedented opportunities for growth and financial freedom.”
BITQUITY is currently inviting early investors to participate in its private sale, with opportunities detailed in the company’s pitch deck. The team consists of seasoned professionals, including CEO Fab, BD Manager Tommy, Engineer Pablito, and Social Media and BD Specialist Jerry, with advisory support from Charlie Hu, Founder of Bitlayer and former Director of Polygon China .
For more information, visit www.bitquity.org or contact the BITQUITY team directly.
About BITQUITY
BITQUITY is a pioneering decentralized finance platform built on the Bitlayer ecosystem, dedicated to improving the utility of Bitcoin holdings. By offering innovative financial solutions such as the Bitcoin Backed Dollar (BBD) stablecoin, zero-interest borrowing and staking opportunities, BITQUITY enables users to maximize the potential of their assets in a secure and efficient manner.
Media Contact:
Company: Bitquity
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