Badger DAO will launch the interest-bearing Bitcoin IBBTC, which will also be available on BSC, Polygon and other networks

On March 27, Badger DAO and Defidollar, a decentralized stable currency, launched the interest-bearing Bitcoin IBBTC.

The first IBBTC liquidity pool is Badger Setts, with more pools to follow, officials said. The way of casting IBBTC is as follows:

1. Users mortgage RENBTC, SBTC and TBTC to enter the corresponding Curve pool;

2. Pledge Curve LP tokens into Badger Setts in exchange for Bitcoin gains;

3. Mortgage Badger Sett's LP token to Defidollar for IBBTC. (Skip the first two steps if you had Badger LP before)

IBBTC's interest sources include transaction fees in Curve, CRV rewards on the Curve platform, and Badger revenue in Badger Setts.

In addition to starting on the Ethereum mainnet, the Badger DAO will also start IBBTC on both BSC and Polygon (Matic).

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