BitUSD Whitepaper
  • Introduction
    • Overview
    • Background
    • Goal
    • Links
  • Product
    • btcUSD
    • Collateralization
    • Minting and Redemption
    • Liquidation
    • Asset Utilization
    • Compatibility
  • Native Token
    • BT Token
    • Distribution Mechanism
    • Governance mechanism
  • Incentive Mechanism
    • Staking Rewards System
    • Liquidity Mining
    • Governance Rewards
    • Collateral Liquidation Profits
  • Roadmap
    • Roadmap
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  1. Introduction

Overview

BitUSD is a decentralized finance (DeFi) project built on the Binance Smart Chain (BSC) that provides a stablecoin, btcUSD, backed by overcollateralized BTCB tokens. The project allows users to mint btcUSD by collateralizing BTCB tokens at a minimum collateralization ratio of 120%.

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Last updated 1 year ago