The BitStable Protocol is announcing VAULT:
Build DAII with BTCB, WBTC and soon spot #bitcoin
By depositing BTC as collateral in the BSSB Vault, users can borrow DAII (a stablecoin or equivalent) without selling their #bitcoin. This allows conservative bitcoin investors to maintain their long position in BTC while having access to liquid funds for other investments or expenses.
Essentially, it's a way to leverage BTC holdings to free up capital.
Tutorial in following thread
The BitStable Protocol is excited to announce the transfer of an additional 8,000,000 worth of USDT into the secure custody of Mainnet Digital.
This strategic move follows our detailed custody workflow, ensuring safe and regulated management of funds. Importantly, this custody arrangement allows us to generate passive interest.
The BitStables Protocol is committed to distributing this interest back to our BSSB holders, providing them with additional value and rewards for their trust in our protocol
https://t.co/4UwZukQKp9
The BitStable protocol supports $WBTC as collateral for $DAII BUILD
DAII enables users to leverage #bitcoin holdings without liquidating them
By collateralizing WBTC, users can maintain exposure to its potential upside while accessing funds for other purposes such as BSSB Farm
The BitStable protocol supports BTCB from @BNBCHAIN as collateral for $DAII BUILD
BTCB is a #bitcoin equivalent on BNB
DAII enables you to leverage BTC holdings without liquidating them
Take advantage of investment opportunities while keeping BTC position intact with BitStable
The BitStable Protocol is excited to announce the transfer of 1 million USD worth of USDT into the secure custody of Mainnet Digital.
This strategic move follows our detailed custody workflow, ensuring safe and regulated management of funds. Importantly, this custody arrangement allows us to generate passive interest. We're committed to distributing this interest back to our BSSB holders, providing them with additional value and rewards for their trust in our protoco
The process begins with USDT deposits, consolidated in Bitstable's account, and then secured by Mainnet Digital's regulated custody service. The involvement of a third-party Licensed OTC provider facilitates the subsequent transfer to a Bitstable account with Tiger Broker. This strategic placement into Fullerton Fund Management allows the funds to accrue passive interest, which is then distributed back to BSSB holders, enhancing their investment value.
A New Era in Bitcoin Ecosystem Stablecoin Adoption
The price of BSSB's bitcoin ecosystem stablecoin $DAII is $1.01 today with a 24-hour trading volume of $1,043,693.45 according to coingecko.
DAII has achieved approximately 1 million USD in daily trading volume on @BitSwap_xyz alone.
DAII has achieved a remarkable 7M volume in DEX trades
This milestone reflects the strong demand for a stable, #bitcoin ecosystem-backed stablecoin.
$BSSB and $DAII are expanding their horizons! Get ready for the bridged token powered by @Multibit_Bridge to the @solana ecosystem, bringing new liquidity pairs with $SOL
I don’t think the BTC ETF will be approved and even if it were BTC ETF is a sell the news event. Why would any of these big institutions buy BTC at this price, after retail (yes you) have been buying in the hopes of approval 🤣