Building a BeDeFi platform on Bitlayer is the breakthrough that Bitcoins DeFi ecosystem has been waiting for.
$SWAPE token contract: 0xcE6631222405F7267d6d9Ec71887e56EB8c89CD1
$BBD token contract: 0xA98D4b1951CAC4c51ECd12F2d37a64188f6451FE
Both tokens are listed on Macaron, Bitlayers native DEX.
Earn passive income effortlessly by lending your Bitcoin and enjoy steady returns without ever needing to sell. Tap into instant liquidity by using your Bitcoin as collateral for borrowing, and seize the opportunity to amplify your gains through leverage.
Borrow $BBD with Bitcoin as Collateral. Over-collateralize for more security.
Stake your $BBD from step one into the Stability Pool to earn and $SWAPE BTC from liquidations.
Stake your $Swape now to earn redemption fees and platform fees in BTC.
The 0.5% platform fee is paid by the user when opening or increasing a vault.
Bitcoin Backed Dollar - the $BBD - is an over-collateralized stablecoin.
$SWAPE is the backbone of the Bitquity ecosystem and our platform token. Stake $SWAPE to earn the borrowing and redemption fees.
The vault is a container for your personal borrowing position. When you borrow stablecoins for the first time, you open a new vault.
The collateral ratio is the proportion of your BTC collateral versus the borrowed BBD in your Vault. Example: Borrowing 1,000 $BBD while depositing 0.2 BTC (≈ 1500$ worth) as collateral results in 150% Collateral Ratio (CR). Your vault is over collateralized.
When a Vaults Collateral Ratio drops below 110%, it can be liquidated. This means that you will lose your BTC collateral, but you keep your borrowed $BBD. You can avoid this scenario by using (or increasing to) a higher CR while borrowing (150%, 200%, etc.).
The wait is finally over. On December 30, 2024, Bitquity’s utility and rewards token, $SWAPE, will officially be live and available for trading. This marks a major milestone for our protocol as we introduce the key token that will power the rewards system and incentivize users across our ecosystem. Here’s everything you need to know about ...