eBTC - stETH Backed BTCLoans

Spada₿oom is the founder of BadgerDAO, a Bitcoin-focused DeFi protocol. The team is working on eBTC – a groundbreaking new synthetic asset that capitalizes on the evolution of ETH staking to create the most transparent and capital-efficient borrowing facility for Bitcoin on Ethereum in DeFi.   Why you should listen eBTC is a protocol that allows anyone to use Lido’s Staked Ether (stETH) as collateral to borrow a synthetic Bitcoin asset with zero borrowing fees. Powered by non-custodial, immutable, governance-minimized smart contracts, it aims to be the most trustless and censorship-resistant synthetic Bitcoin in DeFi. eBTC is the first protocol to focus exclusively on the ETH/BTC ratio. While most of the trading and strategies for this pair are currently done off-chain using centralized counter-parties, eBTC empowers users to now bring this activity on-chain with extreme transparency. Further, due to its immutability and composability, it enables any protocol to integrate its functionality and build on top of it. Its vision ignited by the abundance of highly publicized financial collapses in 2022, eBTC has been designed as a response to the shortcomings of the centralized and opaque financial infrastructure that is commonplace within the blockchain space. By moving more ETH/BTC activity on-chain within immutable smart contracts, eBTC moves the space further away from the centralized solutions for borrowing Bitcoin currently seen in the market today. Supporting links Bitget Bitget VIP Link with BONUS 1000 USDT Bitget Academy Bitget Research Bitget Wallet eBTC Andy on Twitter  Brave New Coin on Twitter Brave New Coin   If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.