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Launch App

BitStable Dashboard

DAII Built

43,119,978.9522 DAII

ERC20

42,952,229.9522 DAII

BRC20

167,749 DAII

Overcollateral


39,946,168.4321 USDT

3,006,061.5201 FDUSD

12,757 ordi

1,330,000 MUBI

10,500 BSSB

Chat

Build

Redeem

Farm

Governance

Transactions

Tokenomics

Cross Chain

The only BitStable social channels are on this site.

Twitter: @bssbstable
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WELCOME

Welcome to BitStable 👏

BitStable is a pioneering decentralized asset protocol on the Bitcoin
blockchain, offering a unique framework for the creation, trade, and management
of synthetic assets. It enhances asset liquidity on the Bitcoin chain through a
dual-token system and a cross-chain compatible structure.

View more documentation content
What is “Build"?


Stable and Secure: DAII is a stablecoin that derives its value and stability
from the robustness of Bitcoin ecosystem assets: BRC20, RSK and the lightning
network.

Purpose: Serves as a medium of stability in the volatile cryptocurrency market,
making it a reliable asset for trade and investment.

Cross-Chain Utility: With its cross-chain capabilities, DAII not only benefits
Bitcoin users but also brings the Ethereum community into the fold, fostering a
more interconnected and fluid blockchain ecosystem.

Our process of obtaining DAII is “Build”.

Users can use assets approved by “BSSB Governance” as collateral to generate
DAII (only ordi and MUBI were supported in the early days). In order to allow
users on other chains to better participate in the Bitcoin chain ecosystem, we
will also cross-chain part of DAII to Ethereum. Users on the Ethereum chain who
obtain DAII can use USDT to replace it on a one-to-one basis (because USDT It is
also a cryptocurrency anchored to the US dollar, so there is no guarantee
system), and then cross-chain to the Bitcoin chain to participate in economic
activities.



Overcollateralization and liquidation

We will set an over-collateralization rate that is relatively safe and difficult
to be liquidated based on the price fluctuations of the collateral; Assuming an
overcollateralization ratio of 50%, this means that you can only receive DAII
for 50% of the collateral value.

Although we set the over-collateralization rate, we still set the liquidation
plan as a safety plan and set the Health factor as a reference.

Stake and liquidation formula calculation: taking the collateral as ordi as an
example

If ordi’s overcollateralization ratio is 80%

Maximum buildable DAII quantity =ordi quantity*ordi price*20%

Health factor =[1-Build DAII Value/(ordi quantity*Price)+0.2]*100

Staking ordi requires 80% over-collateralization. For example: assuming 1
ordi=100 USDT, that is, staking 1 ordi can get 20 DAII. At this time, the Health
factor is [0.2+(1-20/100)]*100=100

If the user only builds 10 daii, the Health factor at this time is
[0.2+(1-10/100)]*100=110

When the ordi price drops to 50 USDT, the Health factor is:
[0.2+(1-20/50)]*100=80

When the ordi price drops to 20 USDT, the Health factor is:
[0.2+(1-20/20)]*100=20 (need to be liquidated)

Redeem


When users need to get back collateral or USDT on the Ethereum chain, they need
to Redeem DAII on the BitStable platform to bring DAII back to balance.


DAII Farming


BSSB is the platform’s governance token, which is used by stakeholders to
maintain the system and manage DAII. Holding BSSB can obtain platform income
dividends and voting rights, and you can also have some acceleration rights in
the early stage.

How to get BSSB?

BSSB is the platform’s governance token, which is used by stakeholders to
maintain the system and manage DAII. Holding BSSB can obtain platform income
dividends and voting rights, and you can also have some acceleration rights in
the early stage.

You can stake DAII in “Farm” to obtain BSSB. It should be noted that Farm only
runs on the Bitcoin chain, so when your DAII is replaced by USDT on the EVM
chain, you also need to use MultiBit to stake DAII (ERC20) across the chain.

If you want to obtain higher mining income, you can also stake BSSB to obtain
boost equity and increase the stake weight of DAII.

Buy BSSB