Tools tagged "Stablecoin"

Ducat Protocol is a decentralized finance (DeFi) platform that introduces UNIT, the first Bitcoin Layer 1-native decentralized stablecoin. By allowing users to collateralize their Bitcoin (BTC) holdings, Ducat enables the minting of UNIT tokens, providing a stable medium of exchange within the Bitcoin ecosystem. This protocol leverages recent advancements in Bitcoin programmability to offer BTC-native, permissionless smart contracts, thereby enhancing Bitcoin's utility in the DeFi space.

Avalon is a decentralized finance (DeFi) protocol focused on building capital markets for Bitcoin through its CeDeFi lending infrastructure. The platform enables Bitcoin holders to unlock liquidity, earn sustainable yield, and borrow against their assets using USDa—a core stablecoin designed for scalability and security. Avalon supports a wide range of BTC derivatives and liquid staking tokens, transforming Bitcoin into a yield-generating asset within DeFi ecosystems.

Yala is a decentralized finance (DeFi) platform that bridges Bitcoin liquidity to various blockchain ecosystems through its Bitcoin-backed stablecoin, $YU. By enabling Bitcoin holders to mint $YU, Yala facilitates participation in DeFi opportunities across multiple chains without the need to sell their BTC holdings.

Templar is a decentralized lending platform that enables users to borrow U.S. dollars (via stablecoins) against their Bitcoin holdings without relying on centralized institutions. By leveraging Multi-Party Computation (MPC) networks and smart contracts, Templar ensures that users retain control over their collateral, aligning with cypherpunk principles of privacy, decentralization, and self-sovereignty.

Hermetica is a decentralized finance (DeFi) platform that introduces USDh, the first Bitcoin-backed, yield-bearing synthetic dollar. USDh allows users to hold a stable, liquid dollar asset fully backed by Bitcoin, providing an alternative to traditional fiat-backed stablecoins. By staking USDh, users can earn yields of up to 25% APY, derived from perpetual futures funding payments.