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Lambda Finance
Lambda Finance is a protocol that allows Bitcoin holders to mint a stablecoin, BTCUSD, against their Bitcoin collateral. This enables them to access DeFi earning opportunities while maintaining their long exposure to Bitcoin. The BTCUSD stablecoin is overcollateralized and features a soft liquidation mechanism to protect user funds.
Distributed
Description
Lambda Finance transforms Bitcoin's latent liquidity into BTCUSD, a composable and capital-efficient stablecoin that enables Bitcoin holders to take advantage of DeFi’s earning opportunities. Users can mint BTCUSD against their Bitcoin while maintaining long exposure and redeem BTCUSD 1:1 for the underlying collateral at any time. BTCUSD is fully backed by overcollateralized debt positions and employs a soft liquidation mechanism to preserve user capital. Open market liquidity is backstopped by autonomous monetary policies that build peg resilience and generate protocol revenue.Grant Funding
VC Funding
None
2024
$0
$1.8M