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Granite Protocol Listed on Borrow on Bitcoin: A Step Forward for Bitcoin DeFi

Guavy AI Editorial Team
Instruments
BTC USDC STX
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The Granite Protocol has been listed on Borrow on Bitcoin, providing users with another lending route for their BTC-linked collateral.

The listing centers around Granite's Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx at a variable borrow rate of 1.66% APR.

This development is significant because it shows that Bitcoin DeFi is becoming more specific, with products being built around BTC-linked assets rather than broad claims about the potential for Bitcoin to support DeFi in the future.

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