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Side Protocol
Side Protocol is a decentralized financial infrastructure designed to unlock the potential of underutilized BTC to fuel a new era of global financial freedom. It allows users to borrow against their Bitcoin in a non-custodial way.
Distributed
Description
Side Protocol provides decentralized financial infrastructure that puts Bitcoin to work. Its core products include Side Chain, an L1 blockchain purpose-built for Bitcoin compatibility that preserves users’ native Bitcoin addresses and allows transactions to be signed with standard Bitcoin wallets. It also features Side Lending, which is natively integrated into Side Chain and powered by Discreet Log Contracts, enabling native BTC-backed loans with decentralized oracles and permissionless liquidity pools. Additionally, Side Bitcoin (sBTC) is a FROST-based Bitcoin bridge and a 1:1 Bitcoin-backed programmable asset natively minted on Side Chain, run by validators.Grant Funding
VC Funding
None
2023
$0
$1.5M