BitVault (VCRAFT)

BitVault is a DeFi protocol that offers a crypto-native solution for money through its BTC-backed stablecoin, bvUSD, and a yield-bearing staked stablecoin, sbvUSD. The protocol is designed to provide an institutional-grade, capital-efficient stablecoin with user-set interest rates, multi-collateral backing, and enhanced liquidity mechanisms.

Pre-Seed Round: $2M

Whitepaper

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What is BitVault

BitVault is a hybrid friendly fork of Liquity V2 on Katana, where whitelisted entities can borrow, mint, and redeem bvUSD. BitVault’s smart contracts are managed by the same core contributors of VaultCraft (www.vaultcraft.io), an institutional-grade, tokenized yield protocol with $100M+ TVL.

BitVault employs Liquity V2's permissionless features:

• Immutable & Governance-Free: Liquity V2 has no admin keys or governance—contracts are immutable and censorship-resistant.
• Autonomous Risk Management: Liquidations and redemptions are fully automated on-chain.

BitVault's bvUSD is a capital-efficient stablecoin backed primarily by Bitcoin derivatives, providing a scalable alternative to existing centralized and decentralized stablecoin offering. Unlike traditional fiat stablecoins such as USDC or USDT, bvUSD is collateralized by crypto assets and employs various stability mechanisms to maintain its peg.