📘Bit Protocol

What it is?

BIT Protocol is a decentralized, omni-chain collateralized debt position (CDP) protocol operating across EVM-compatible networks. It enables users to mint $BitUSD—an overcollateralized, crypto-backed stablecoin—against a diverse range of digital assets, including native tokens, liquid staking tokens (LSTs), real-world assets (RWAs), and more exotic tokens.

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By leveraging native cross-chain architecture (XERC20), risk isolation mechanisms, and decentralized governance, Bit Protocol serves as a tool to bring financial sovereignty to users, in a permissionless maner..

The protocol’s design prioritizes three core objectives:

• Capital Efficiency: Access to actionable USD-pegged liquidity over multiple underutilized/iddle assets without selling them.

• Risk Containment: Isolate asset-specific and chain-specific risks via compartmentalized vaults and backstop mechanisms.

• Omni-Chain: Enable seamless minting, redemption, and usage of $BitUSD across all integrated EVM chains while natively bridging it.

BIT Protocol generates revenue through stability fees, liquidation penalties, and insurance premiums, distributing a portion to BIT token stakers, liquidity providers, isurance facilitators and Stability Pool Stakers .