Nakamoto Dollar with a Bitcoin Bond protocol is the issuer of the Nakamoto Dollar, NUSD, a synthetic dollar on Bitcoin L1.

  • In phase 1, NUSD is backed 1:1 with USDe, and holding NUSD accrues BAMK every block

  • In phase 2, NUSD will be fully-backed by a delta-neutral Bitcoin position earning a native yield, the 'Bitcoin bond'

NUSD is circulating on BRC20-5byte and the Runes protocol, with plans to issue on all viable protocols on Bitcoin L1.

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