Granite Protocol Brings Lending to Borrow on Bitcoin
Granite Protocol has been listed on Borrow on Bitcoin, offering users another lending route for putting Bitcoin-linked collateral to work without leaving the broader Bitcoin DeFi stack. The listing centers on Granite's Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx. The variable borrow rate is 1.66% APR, with features including isolated pools, soft liquidations, and no rehypothecation of user collateral.
The product is not available in the US, which matters for its overall impact. However, this listing shows that Bitcoin DeFi is becoming more specific. Instead of broad claims about Bitcoin supporting DeFi one day, the market is now seeing comparison pages, lending markets, collateral routes, and user-facing products built around BTC-linked assets.
This integration is a useful signal for Bitcoin DeFi, but it should not be overstated as broad adoption. It shows continued product formation in the space, with clearer risk terms and more practical products emerging.