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BitVault
BitVault is a DeFi protocol by Popcorn Limited (Bahamas) that offers an institutional-grade, Bitcoin-backed USD stablecoin (bvUSD) designed to generate secure, risk-adjusted yield. It also features a yield-bearing staked stablecoin (sbvUSD). The platform is designed for institutional use cases and provides an interface for users to interact with its smart contracts on decentralized blockchains.
Bahamas, BS
Description
BitVault is a decentralized finance (DeFi) protocol offering an institutional-grade, Bitcoin-backed USD stablecoin (bvUSD) that earns a secure, risk-adjusted yield. It also features a yield-bearing staked stablecoin, sbvUSD. Operated by Popcorn Limited (Bahamas), the protocol is a hybrid fork of Liquity V2 on Katana, enabling whitelisted entities to borrow, mint, and redeem bvUSD. The platform provides an interface for users to interact with its open-source smart contracts via third-party wallets. It is designed for institutional use, emphasizing security through audits and multi-signature management, and may require KYC/AML processes. The project is supported by backers such as GSR, Gemini, Auros, and Keyrock.Grant Funding
VC Funding
None
2025
$0
$2M