Borrow bitcoin-backed stablecoins, synthetic stocks & bonds without intermediaries.
Lock collateral in a smart contract on the Liquid blockchain. Fast deposit via Lightning Network supported.
Oracle signs the reference price updates without knowing in advance about the contract or who the parties are.
No intermediaries or custodians: the collateral can be redeemed anytime once the debt is paid back.
Anyone can open a new contract at current reference price, after locking L-BTC as collateral in the covenant.
The smart contract creates 1 fUSD for each 1.5 USD worth of BTC locked. More collateral decreases risk of liquidation.
Borrow fUSD as leverage, use for commerce or trade for other Liquid assets.
Frequently asked questions