Granite Protocol Expands Lending Options on Borrow on Bitcoin

Granite Protocol has expanded its lending options for Bitcoin users on Borrow on Bitcoin. This move allows customers to put their 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 at a variable rate of 1.66% APR. Other features include isolated pools, soft liquidations, and no rehypothecation of user collateral.

Notably, the product is not available in the US, which may limit its appeal to some users. However, this listing represents another step towards making Bitcoin DeFi more specific and practical for users.