Introducing the Nakamoto Dollar on Bitcoin
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.
Website: https://www.bamk.fi
X / Twitter: https://x.com/bamkfi
Telegram: https://t.me/bamkfi
Github: https://github.com/bamkfi
Last updated 7 months ago
