# Bamk.fi Overview

<figure><img src="https://2890269440-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FL5vd9Yc2g4BdL74C5OqN%2Fuploads%2Faq0iUlC0RSGOtODZuQW4%2Forangenaker-logo%20(8).png?alt=media&#x26;token=b24649fa-9769-4751-9613-2a0bad054a5a" alt=""><figcaption></figcaption></figure>

Bamk.fi protocol is the issuer of the Nakamoto Dollar, *NUSD*, a synthetic dollar on Bitcoin L1.

* In phase 1, NUSD is backed 1:1 with Ethena's USDe and sUSDe.
* In phase 2, NUSD will be backed by a delta-neutral Bitcoin position earning native yield (the 'Bitcoin bond')

NUSD is circulating on BRC20-5byte and the Runes protocol, with plans to issue on all viable protocols.&#x20;

{% hint style="info" %}
Website: [https://www.bamk.fi](https://www.bamk.fi/)

X / Twitter: <https://x.com/bamkfi>

Telegram: <https://t.me/bamkfi>

Github: [https://github.com/bamkfi](https://github.com/bamkfi/bamkfi-frontend)
{% endhint %}