BIMA, the newly launched DeFi ecosystem targeted on Bitcoin-backed stablecoins and yield methods, at this time introduced a partnership with Bracket, a DeFi technique platform backed by Binance Labs. The partnership will energy a brand new suite of “real-yield” vaults for USBD, Bima’s Bitcoin-backed stablecoin.
Via this integration, Bima customers will acquire seamless entry to actively managed, on-chain yield methods with out leaving the Bitcoin ecosystem. Bracket’s safe, policy-controlled vault infrastructure will function the backend layer for these vaults, enabling Bima to deal with rising USBD liquidity and increasing utility throughout chains.
USBD is a capital-efficient stablecoin over-collateralized by Bitcoin derivatives. Not like conventional stablecoins like USDC or USDT, USBD is inherently crypto-native and helps a number of yield methods, providing buyers flexibility in balancing danger and return. Customers can deposit Bitcoin or stake BTC to obtain liquid staking tokens (LSTs) that again USBD issuance.
Bracket’s infrastructure powers scalable, safe yield vaults by way of good contracts, policy-managed wallets, third-party verified NAV reporting, and institutional-grade accounting. The platform bridges top-tier funds and on-chain capital utilizing property like ETH, BTC, and stablecoins.
“This partnership represents one other necessary milestone in our mission to create a greater resolution for Bitcoin holders,” stated Sid Sridhar, Founder & CEO of Bima. “With Bracket, we’re providing real-yield alternatives which are safe, clear, and accessible, with out forcing customers to promote their Bitcoin.”
“We’re excited to assist Bima ship best-in-class yield by way of scalable infrastructure,” stated Mike Wasyl, Co-Founder & CEO of Bracket. “Yield is prime for any ecosystem, and Bitcoin holders deserve dependable, on-chain entry to it.”
The partnership combines Bima’s Bitcoin-native stablecoin structure with Bracket’s confirmed infrastructure, bringing highly effective real-yield choices to USBD holders and setting a brand new commonplace for scalable, decentralized funding merchandise.
The announcement follows BIMA’s latest mainnet launch, which opened the door for each institutional and retail buyers to faucet into institution-grade yield methods, all with out promoting their BTC. As a U.S.-based firm that has not too long ago entered the market with a completely operational platform, BIMA’s latest mainnet launch delivers a complete safety infrastructure that includes over-collateralization safeguards and a stability pool that effectively resolves under-collateralized positions. The platform integrates with main wallets, together with Ledger, MetaMask, and XVerse, permitting customers to begin minting USBD by way of an easy five-step course of.
For extra info and to entry the dwell mainnet, go to https://bima.cash/.
About BIMA
BIMA is a DeFi protocol that permits Bitcoin holders to entry short-term liquidity whereas sustaining upside of their long-term BTC positions. The platform’s distinctive USBD stablecoin allows customers to borrow at low charges whereas incomes substantial yields by way of numerous vault methods. BIMA affords institution-grade yield alternatives beforehand unavailable to retail buyers, with danger profiles starting from conservative to growth-oriented.
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Disclaimer: All product and firm names herein could also be emblems of their registered house owners. The knowledge supplied on this press launch will not be a solicitation for funding, neither is it meant as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly beneficial you apply due diligence, together with session with knowledgeable monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.
