Search…
⌃K

The user experience & video previews 👀

Users need a Stacks and Bitcoin address to participate.

Liquidity providers (LPs)

To start earning a BTC yield, LPs take the following steps:
  1. 1.
    Indicate how much BTC they would like to provide and send BTC to a Hash Timelock Contract (HTLC) that they control
  2. 2.
    Sign for the Bitcoin transaction on the Stacks layer and receive LP tokens that represent a claim on the BTC
Transactions can take 10-30 minutes (equivalent to Bitcoin block times).

Borrowers

To borrow BTC, Borrowers take the following steps:
  1. 1.
    Off-chain private diligence with a pool delegate to agree loan terms
  2. 2.
    The borrower requests a loan through a Stacks transaction, which sends a request to the pool delegate for confirmation
  3. 3.
    Upon confirmation by the delegate, BTC funds become available and the borrower signs a Stacks transaction to drawdown BTC funds to their Bitcoin address
Transactions can take 10-30 minutes (equivalent to Bitcoin block times)
Pool delegates sign transactions on the Stacks layer to confirm loan requests and draw down their earnings to their BTC address via Stacks transactions. Pool cover providers provide Stacks-based SIP-10 tokens (xBTC) as pool cover through Stacks transactions

​