Granite world
The Granite Protocol is an autonomous Bitcoin liquidity protocol where users can participate as liquidity providers, borrowers, or liquidators.
Tags:Bitcoin BTC DAPP BTC DEFI Crypto Market Decentralized exchanges DEX Stacks STX STX DAPP STX DEFIbitcoin bitcoin l2 defi DEX STX swap WEB3The Granite Protocol is an autonomous Bitcoin liquidity protocol where users can participate as liquidity providers, borrowers, or liquidators.
The protocol allows borrowers to take stablecoin loans using Bitcoin as collateral, without exposure to counterparty or rehypothecation risk. Liquidity providers can earn yield on stablecoins by providing liquidity to the pool, which is then lent to borrowers.
Loans in Granite are best thought of as lines of credit, without set terms or repayment schedules. As long as the borrower maintains an adequate loan-to-value ratio (LTV), keeping their account in good health, they are not subject to liquidation. If a borrower’s LTV falls too low, a portion of their capital will be liquidated to bring their account back to solvency.
Granite enables BTC users to access DeFi without centralized custodians by leveraging Stacks’ soon-to-be-launched Nakamoto upgrade and sBTC Bitcoin bridge.
data statistics
Relevant Navigation
Anotherblock is a music NFT platform that aims to revolutionize the music industry by providing a transparent and fair way for artists to share their music with fans and earn royalties. It utilizes blockchain technology to create unique and verifiable ownership of music rights, enabling both creators and fans to participate in a more equitable and rewarding ecosystem.