Step 1: Open Vault
Borrow $BBD with Bitcoin as Collateral. Over-collateralize for more security.
10/30/2024
Bitquity
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
0% interest rate