{"id":5895,"date":"2024-09-12T13:44:58","date_gmt":"2024-09-12T13:44:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=5895"},"modified":"2024-09-12T13:44:58","modified_gmt":"2024-09-12T13:44:58","slug":"granite-launches-as-first-of-its-kind-bitcoin-defi-liquidity-protocol-prioritizing-security-and-trust","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=5895","title":{"rendered":"Granite Launches as First-of-its-Kind Bitcoin DeFi Liquidity Protocol Prioritizing Security and Trust"},"content":{"rendered":"

[PRESS RELEASE \u2013 Cayman Islands, Cayman Islands, September 12th, 2024]<\/strong><\/p>\n

The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi<\/em><\/p>\n

Granite<\/a>, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines<\/a>, Granite represents a significant evolution in the DeFi landscape, setting new standards for transparency and user-centric financial services \u2013 all backed by the power of Bitcoin L2s.<\/p>\n

Granite enables BTC users to access DeFi without centralized custodians by leveraging Stacks\u2019 recently-launched Nakamoto upgrade and sBTC<\/a> Bitcoin bridge. The Nakamoto upgrade increased Stacks\u2019 block speed 100x while maintaining its unique proof-of-transfer (PoX) consensus mechanism and Bitcoin finality. sBTC is an open-source Bitcoin bridge secured and managed by an open network of Stacks validators via a threshold signature script on the Bitcoin blockchain, allowing for the permissionless and decentralized use of BTC in DeFi. Together, these upgrades pave the way for Bitcoin DeFi<\/a>.<\/p>\n

\u201cToday there is no safe way to use BTC in DeFi,\u201d said Blaize Wallace, Founding Contributor to Granite. \u201cProtocols have decided to maximize returns at the cost of counterparty and protocol risk. Granite takes the opposite approach.\u201d<\/p>\n

Granite introduces a borrower-centric DeFi liquidity model that maximizes asset safety, minimizes liquidation risk, and allows users to tailor their risk exposure.<\/p>\n

No rehypothecation:<\/strong> by never lending<\/a> out borrowers\u2019 collateral and only having a single borrowable asset per market, Granite eliminates the predominant DeFi \u201cpooled-risk\u201d model that exposes all users to the downside of the riskiest pool assets.
\nLiquidation to solvency:<\/strong> DeFi protocols typically liquidate 50-100% of a position, which can result in the loss of borrowers\u2019 collateral. Granite instead uses \u201csoft liquidations\u201d which liquidate only to the point of solvency, allowing overextended borrowers the opportunity to weather downturns with minimal losses.
\nOffline position tracking:<\/strong> push notifications that track account health and interest rates allow borrowers to relax and receive relevant account alerts instead of staying glued to their screens.
\nTranched LP positions:<\/strong> LPs can stake their positions to enter a junior risk tranche that may receive higher rewards, tailoring their risk profile, and all LPs are still protected by the protocol reserve as a first line of defense.<\/p>\n

Despite being the most capitalized crypto asset, most bitcoin sits dormant and unproductive, unused by its holders. Other blockchains demonstrate a stark contrast, where their native cryptocurrency (such as ETH) is actively deployed to validators (staking) and in DeFi protocols as collateral or liquidity<\/a> pairs. As a decentralized non-custodial protocol, Granite brings transparency to lending and borrowing that typically has not been seen on the Bitcoin blockchain, aiming to reverse this trend.<\/p>\n

\u201cAt this time, only about 1% of bitcoin is used in DeFi, largely because Bitcoin users want to make sure their BTC is secure first and foremost,\u201d said Muneeb Ali, CEO and Co-Founder of Trust Machines. \u201cGranite\u2019s security-oriented approach creates an opportunity to begin unlocking the remaining 99% of BTC capital. It\u2019s the only liquidity protocol I would consider using with my BTC.\u201d<\/p>\n

\u201cBitcoin is the most valuable asset you will ever own,\u201d added Wallace. \u201cDon\u2019t risk your stack to centralized wrappers or predatory liquidation schemes. Granite helps you access the value in your BTC as safely as possible. Never sell.<\/strong>\u201d<\/p>\n

For more information about Granite, readers can please visit http:\/\/www.granite.world<\/a><\/p>\n

About Granite<\/h3>\n

Granite<\/a> is a first-of-its kind Bitcoin DeFi liquidity protocol empowering users with unprecedented security and control over their Bitcoin assets, Granite represents the significant evolution in the DeFi landscape, with a mission of setting new standards for transparency and user-centric financial services \u2013 all backed by the power of Bitcoin L2s.<\/p>\n

Website<\/a> | Twitter<\/a><\/p>\n

The post Granite Launches as First-of-its-Kind Bitcoin DeFi Liquidity Protocol Prioritizing Security and Trust<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Cayman Islands, Cayman Islands, September 12th, 2024] The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi Granite, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines, Granite represents a significant evolution […]<\/p>\n","protected":false},"author":0,"featured_media":5896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5895"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5895"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/5895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/5896"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}