About BIMA
HODL like a Bitcoiner. Invest like an Institution.
Last updated
HODL like a Bitcoiner. Invest like an Institution.
Last updated
BIMA is a DeFi ecosystem that empowers professional and retail investors to access permissionless institution-grade yield strategies globally, without selling their Bitcoin.
It does so with “USBD,” a capital-efficient stablecoin over-collateralized by Bitcoin derivatives.
Investors can invest Bitcoin directly or stake their BTC to receive liquid-staking derivatives (LSTs).
Investors place either Bitcoin or LSTs into BIMA vaults with varying risk-reward profiles — ranging from delta-neutral investment strategies earning 15-20% APY to higher-volatility strategies capable of earning between 30-60% APY.
Investors mint USBD and earn sUSBD, which represents their staked collateral and unlocks further opportunities to earn yield and maximize capital efficiencies.
BIMA’s crypto collateralization and decentralization makes USBD a more scalable and secure solution than traditional fiat stablecoins, such as USDC or USDT.
BIMA also offers investors a multi-strategy portfolio of choices when it comes to how much risk they take on and how much yield they could potentially earn — a stark difference from previous Bitcoin stablecoin models that offer limited investment options.
Key Features:
Permissionless access to varied yield strategies through BIMA Vaults
Varied risk-reward profiles, from 15% low-volatility to 60% high-volatility APY
Yield rewards in Bitcoin and other crypto assets, varying by vault strategy
Permissioned institutional borrowing with 160% over-collateralization
No smart contract risk, with BTC collateral placed in qualified custody
Decentralized governance and security through the [REDACTED] token
The USBD Stablecoin
USBD is a dollar-pegged stablecoin primarily backed by Bitcoin derivatives, optimizing capital efficiency, scalability, and decentralization.
USBD maintains stability through a number of features, including over-collateralized vaults, automated liquidity mechanisms, stability fees, collateral-specific debt ceilings, and decentralized price oracles.
These stability features are further detailed in “Risk Management and Liquidation”
Earning with USBD + sUSBD
BIMA combines stability and simplicity with a variable lending rate for USBD, earning lenders a variable 3-5% awarded in “sUSBD” (staked USBD).
This ensures borrowers have reliable access to capital against their collateralized assets while ensuring fair, sustainable returns for lenders — whose position is represented in sUSBD, which accrues additional rewards for them over time and allows them to invest in institutional yield-bearing strategies through BIMA Vaults.
Learn more about how it works in “Secure Bitcoin Preservation and Yield”
Earning with BIMA Vaults
Unlike stablecoins that offer just one, or a few, yield strategies for investors, the BIMA ecosystem actively attracts and integrates numerous institutional investment vehicles — called “vaults” — for its holders to choose from.
Vault examples, including potential APY, are detailed in “Institutional Yield-bearing Strategies”
Institutional-Grade Security
BIMA undergoes rigorous security audits from best-of-class operators, employs cold storage for reserves, and offers a bug bounty program for ethical hackers reporting vulnerabilities. Latest updates in “Security”
