June 21,2024-BitU Protocol, the crypto-native and over-collateralized stablecoin protocol leveraging off-chain liquidity and efficiency to deliver higher yield, is proud to announce several key milestones and the launch of its $BITU Founding Minters program.
Since its inception early this year, BitU Protocol has been on a mission to build the yield-generating and financial stability primitive that will bring sustainable, long-term growth to all ecosystem participants. The protocol enables users to mint $BITU, a secure, resilient, and Bitcoin-backed stablecoin designed to provide reliable yields with minimal volatility risk.
Key Milestones
- Successful Development and Testing of the Active Liquidity Management Module (ALMM): A hybrid model that brings off-chain liquidity and efficiency to on-chain, while maintaining the highest standards of safety and transparency.
- Partnership with Leading Custody Provider CEFFU: Ensures the security of collateral assets.
- Selection into the Prestigious Binance Labs MVB Accelerator Program Season VII: Recognition of BitU Protocol’s potential and innovation.
- Growing Ecosystem Traction: Attracting $23 million in Total Value Locked (TVL) within three weeks of launching the closed Beta.
Introducing the $BITU Founding Minters Program
Today, BitU Protocol is excited to announce the $BITU Founding Minters program, an opportunity for select partners to be among the first to mint $BITU and earn real yield plus protocol tokens. Benefits for Founding Minters include:
- Exclusive access to mint $BITU before public launch.
- Higher real yield on $BITU staking.
- Allocation of future protocol tokens.
- Dedicated support from the BitU Protocol team.
Learn more about how to become a $BITU minter by signing up on the form: https://bitu-protocol.typeform.com/Minters
Collaboration with CEFFU Custody
Security of user funds is paramount for the protocol. That’s why BitU Protocol has partnered with CEFFU, a licensed digital asset custody provider, to securely store collateral assets on-chain for increased transparency using CEFFU’s MirrorX solution.
By combining the strength of BTC collateral with the innovative ALMM solution and robust security, BitU Protocol is ushering in a new era of financial empowerment and inclusion in the crypto space, unlocking yield on billions of assets without the crypto volatility. The team remains dedicated to the mission of creating a globally inclusive financial ecosystem where everyone can access stable, yield-generating assets and achieve financial freedom.
Media Contact
The BitU Protocol Team
Email: Hello@BitU.io
Website: https://BitU.io
Twitter (X): https://x.com/BitU_Protocol
