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Step 1: Open Vault

Borrow $BBD with Bitcoin as Collateral. Over-collateralize for more security.
10/30/2024
Bitquity
Step 1: Open Vault

Deposit collateral in Bitcoin, receive borrowed BBD stablecoin

Collateral must be ≥ 110% of borrowed amount

  • Collateral ratio changes with market fluctuation of BTC
  • When CR drops below 110%: User’s collateral can be liquidated, but users still keeps the borrowed BBD

Retrieve BTC collateral by paying back BBD dept

  1. 0% interest rate