Granite Protocol Listed on Borrow on Bitcoin with Attractive Lending Rates
Granite Protocol, a Bitcoin liquidity platform built on the Stacks blockchain, has been listed on Borrow on Bitcoin, a rate comparison platform operated by Sypher Capital. The listing, which went live on July 29, allows users to evaluate their choices side by side and find the best terms on Bitcoin-backed loans.
Granite's variable borrow rate sits at 1.66% APR, significantly lower than centralized finance lending rates, which range from 7.25% to 18.9% APR. In contrast, EVM-based DeFi markets average between 3.57% and 8.02% APR.
Granite uses isolated liquidity pools, where each market operates independently, preventing a problem in one pool from cascading into others. This design also eliminates rehypothecation risk, as the protocol doesn't lend out collateral that depositors have provided.