BitVault Overview

Institutional-grade, BTC-backed money

BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms. BitVault is a hybrid friendly fork of Liquity V2 on Katana, where whitelisted entities can borrow, mint, and redeem bvUSD. BitVault’s smart contracts are managed by the same core contributors of VaultCraft (www.vaultcraft.io), an institutional-grade, tokenized yield protocol with $100M+ TVL.

BitVault employs Liquity V2's permissionless features:

• Immutable & Governance-Free: Liquity V2 has no admin keys or governance—contracts are immutable and censorship-resistant.

• Autonomous Risk Management: Liquidations and redemptions are fully automated on-chain.

Resources: Website - www.bitvault.finance X - https://x.com/BitVaultFinance Telegram - t.me/bitvaultfinance

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Overview

BitVault's bvUSD is a capital-efficient stablecoin backed primarily by Bitcoin derivatives, providing a scalable alternative to existing centralized and decentralized stablecoin offering. Unlike traditional fiat stablecoins such as USDC or USDT, bvUSD is collateralized by crypto assets and employs various stability mechanisms to maintain its peg.

Key Features:

• Permissioned borrowing for institutions only

• Underlying BTC collateral in qualified custody, free of smart contract risk

• Dynamic, user-set borrow rates with interest revenue flowing back to bvUSD depositors

• Mastercard support

• 10% APY target for sbvUSD through the Keyrock managed bvUSD Smart Vault

• VCRAFT governance and reward token

bvUSD

bvUSD is fully backed and designed to maintain a stable value through various mechanisms, including over-collateralization, multi-collateral support, controlled minting and redemption, and automated liquidation.

sbvUSD

sbvUSD, the yield-bearing version of bvUSD, allows holders to earn returns from a multi-strategy, tokenized yield product managed by Keyrock. Strategies include delta-hedging Bitcoin, Ethereum, and Solana spot assets using perpetual and deliverable futures contracts, as well as holding liquid stables such as USDC and USDT.

Permissioned Design

BitVault's permissioned approach aims to address challenges faced by fully decentralized stablecoins, including scalability issues, mechanism design flaws, and lack of user incentives. By combining traditional financial infrastructure with decentralized elements, BitVault seeks to create a more sustainable and scalable stablecoin solution.