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Bima Labs
Bitcoin-backed Stablecoin for Universal Yield
Distributed
Description
Bima offers a Bitcoin-backed stablecoin (USBD) for universal yield. Users can use Liquid Staking Tokens (LSTs) as collateral to mint USBD, earning native LST yield plus additional yield from USBD. The platform, which has undergone security audits, operates on an immutable, proxy-free structure aligned with decentralized finance principles. Bima leverages the Bitcoin network to provide a service similar to MakerDAO and Prisma Finance, allowing users to earn yield while maintaining control of their Bitcoin.Grant Funding
VC Funding
None
2024
$0
$2.3M