Bitcoin lending today has too many unnecessary risks:
π Rehypothecation
π Shared asset pools that mix high & low-quality assets together
π Unexpected and total liquidation of collateral
π Centralized platforms + wrappers
Bitcoin lending requires a significant upgrade and Bitcoiners deserve a trustless, secure solution to safely deploy their BTC.
Granite will put borrowers first:
πͺ¨ No rehypothecation
πͺ¨ Liquidation to solvency
πͺ¨ Offline position tracking
πͺ¨ Decentralized and non-custodial
πͺ¨ No rehypothecation
Granite NEVER lends out borrowers' collateral and only has a single borrowable asset per market. This eliminates the typical "pooled risk" model that exposes a protocol's users to the downside of the riskiest pool assets.
πͺ¨ Liquidation to solvency
Many other protocols will liquidate 50-100% of a loan position; a significant loss that can have cascading effects for an entire protocol. Granite minimizes losses with gradual liquidations limited to only the amount required to restore LTV.
πͺ¨ Offline position tracking
Granite's frontend will feature push notifications that track account health and interest rates, enabling borrowers to relax and receive relevant account alerts instead of staying glued to their screens.
πͺ¨ Decentralized and non-custodial
Granite runs autonomously on the Stacks network. We will be using sBTC for our bridge, an open-source Bitcoin bridge secured and managed by an open network of validators via a threshold signature script on Bitcoin.
Our unique framework paves the way for true Bitcoin lending.
Granite lets you participate in the Bitcoin economy without ever having to sell your bitcoin. Granite changes the game for every Bitcoin HODLer seeking liquidity without needing to sell.
Granite is coming soon.
Follow us to get a first look at early access π
NEVER SELL πͺ¨