Granite Protocol has been listed on Borrow on Bitcoin, providing users with a new decentralized lending route backed by Bitcoin through the Stacks network. Users can deposit sBTC collateral and borrow USDCx with a variable borrow rate of 1.66% APR. The platform offers isolated pools, soft liquidations, and no rehypothecation of collateral. The product is not available in the United States. This listing illustrates the maturation of Bitcoin DeFi infrastructure with more comparable and transparent lending market terms.
Source: Read the original article
