BitCore: Unlock Bitcoin's Liquidity with Stability
Decentralized, Bitcoin-backed stablecoin protocol for a liquid future.
Illustration: Bitcoin locking into a vault and minting USD.bit
Key Features
Decentralized Collateralization
Lock your Bitcoin as collateral in a trustless manner.
Stablecoin Minting
Mint USD.bit stablecoins against your Bitcoin collateral.
Liquidation System
Automated liquidation process to maintain system stability.
Governance & Decentralization
Community-driven decision making and protocol upgrades.
Core Blockchain Integration
Seamlessly integrated with the Core blockchain ecosystem.
How It Works
1Deposit BTC as collateral
Lock your Bitcoin in the BitCore protocol.
2Mint USD.bit
Create USD.bit stablecoins at a 150% collateralization ratio.
3Maintain or Liquidate
Keep your position healthy or face automatic liquidation.
Roadmap
Phase 1: Development
- Smart contract development
- Security audits
- Testnet deployment
Phase 2: MVP Launch
- Mainnet deployment
- Initial liquidity provision
- Community onboarding
Phase 3: Ecosystem Expansion
- Integration with DeFi protocols
- Governance token launch
- Cross-chain expansion
Competitive Advantages
| Feature | BitCore | Liquity | MAI Finance | MakerDAO |
|---|---|---|---|---|
| Collateral | Bitcoin | Ethereum | Various | Various |
| Stablecoin | USD.bit | LUSD | miMATIC | DAI |
| Min. Collateral Ratio | 150% | 110% | 110% | 150% |
| Governance | Yes | No | Yes | Yes |
| Liquidation | Automated | Automated | Manual | Automated |
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