Lido DAO Enables lisUSD Borrowing with BounceBit's BBTC as Collateral
CryptoNewsTerminal Staff04 Jul, 2024
Lido DAO Enables lisUSD Borrowing with BounceBit's BBTC as Collateral
Lido DAO and BounceBit have formed a strategic partnership, enabling users to borrow lisUSD from Lido's Innovation Zone using BounceBit's BBTC as collateral. This integration provides users with greater flexibility in managing their crypto assets. To borrow lisUSD against BBTC, users must maintain a minimum collateral ratio of 200%. The borrowing rate is currently set at 12.5%. This partnership opens up new opportunities for users to leverage their BBTC holdings and participate in the Lido ecosystem.