Granite Protocol, a Bitcoin liquidity platform built on the Stacks blockchain, is now listed on Borrow on Bitcoin, a rate comparison platform operated by Sypher Capital. Granite’s variable borrow rate stands at 1.66% APR, well below centralized rates ranging from 7.25% to 18.9% and EVM-based DeFi markets averaging between 3.57% and 8.02%. The protocol uses isolated liquidity pools and does not engage in rehypothecation, preventing contagion risks between markets. Total value locked in sBTC peaked at $545 million in Q1 2026. The protocol remains inaccessible to US investors, limiting its growth potential.
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