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Bima Labs
Bima Labs operates BIMA, a DeFi ecosystem for using Bitcoin and liquid-staking derivatives as collateral to mint the USBD stablecoin and access yield strategies. It serves retail and professional investors seeking to retain Bitcoin exposure while borrowing, lending, and earning yield.
Distributed
Description
BIMA is a Bitcoin-backed DeFi ecosystem centered on USBD, a dollar-pegged stablecoin over-collateralized by Bitcoin derivatives. Users can deposit Bitcoin liquid-staking tokens into BIMA vaults, mint USBD, lend or borrow through its markets, and access yield strategies with different risk profiles. The platform describes permissionless access for retail and professional investors, alongside permissioned institutional borrowing and institutional yield-bearing vault strategies.Grant Funding
VC Funding
None
2024
$0
$4.5M