# About BIMA HODL like a Bitcoiner. Invest like an Institution. ### Overview 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. 1. Investors can invest Bitcoin directly or stake their BTC to receive liquid-staking derivatives (LSTs). 2. 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. 3. 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` {% embed url="" %} **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”*
# Yield with USBD + sUSBD ### A Two-Pronged Approach to Earning BIMA creates a secure, over-collateralized environment where BTC-backed USBD can be leveraged productively, without price volatility or uncertainty. The first feature is its borrow/lend protocol, which allows it to offer a variable lending rate for USBD, transforming USBD into a productive, yield-bearing asset. 1. For lenders, USBD offers consistent, auto-compounding returns. 2. For borrowers, it unlocks capital without selling Bitcoin-backed collateral, ensuring BTC liquidity remains within the ecosystem. The second feature is its stability pool mechanism, ensuring that under-collateralized positions are resolved seamlessly to maintain protocol stability. Depositors in the Stability Pool act as the first line of defense, earning rewards while supporting the system’s overall health. # Secure Bitcoin Preservation A yield-bearing BTC asset for institutional and retail investors ### **How BIMA’s Borrow/Lend Protocol Works** USBD can now serve as both a stable source of income and a tool for unlocking liquidity — creating a circular flow that enhances capital efficiency across the BIMA protocol.
**Lending Flow** Lenders deposit USBD into BIMA’s lending pool and earn a variable annual yield. The system distributes interest to lenders proportionally based on their share of the pool.
* **Variable Rate:** Expected APY ranging between a 3-5% range, providing lenders with market rate returns. * **Auto-Compounding:** Interest accrues automatically, growing the lender's position over time. * **Liquidity On-Demand:** Lenders can withdraw their USBD at any time (subject to the pool's utilization rate). This approach removes interest rate uncertainty, making USBD a reliable yield-bearing asset for BTC-backed liquidity.
**Borrowing Flow** Minters/holders deposit USBD into the protocol to access liquidity. All loans are over-collateralized to protect lenders and system health. * **Variable Borrowing Cost:** Borrowers can plan and deploy capital effectively with the variable interest rate. * **Over-Collateralization**: To borrow $100, a borrower must lock $150 worth of USBD or collateralized assets. * **Flexible Repayment**: Interest accrues on the borrowed amount, and borrowers can repay at their convenience. This variable-rate structure allows borrowers to unlock capital with full visibility into their borrowing costs, while lenders benefit from consistent, sustainable returns.
**Liquidation Process** To maintain health and stability, BIMA automatically liquidates under-collateralized loans: 1. If a loan’s collateral value falls below the required ratio, it is flagged for liquidation. 2. Collateral is partially liquidated to restore the required ratio and repay the debt. 3. Lenders remain fully protected, as over-collateralization ensures loan recovery. This automated mechanism protects both lenders and the protocol while incentivizing borrowers to maintain healthy positions. These stability features are further detailed in “Risk Management and Liquidation” ### **How BIMA’s Stability Pool Works** When a borrower’s collateralized loan falls below the required ratio, their position is liquidated, and the Stability Pool absorbs the liquidated collateral.
**Depositors in the Stability Pool receive:** * Discounted Collateral: BTC or USBD liquidated at a favorable price. * Continuous Rewards: Depositors earn incentives for contributing to system stability. Think of the Stability Pool like a commercial real estate owner leveraging existing properties to expand. Borrowers use their BTC-backed USBD to access liquidity while maintaining ownership of their collateralized assets. Liquidation events redistribute this value to Stability Pool depositors at a discount, much like an investor acquiring distressed assets below market value for long-term gains. This approach mirrors strategies adopted by institutional players like MicroStrategy, where BTC positions are leveraged to acquire more BTC-backed assets, growing overall exposure and yield over time.
**Depositor Benefits** Stability Pool depositors are rewarded with discounted BTC or USBD liquidated assets. Rewards accumulate while supporting the protocol’s health and solvency. This creates a self-reinforcing system: depositors earn while the system remains stable. ![](/files/SnbFXEx8KSpxfRDbDirB)
**Earn: Multi-Layered Yield Opportunities** The Earn program introduces a multitude of yield-bearing vaults, unlocking opportunities for BTC holders and USBD stakers to generate stable and sustainable yields.
* **USBD → sUSBD:** Users stake USBD into yield-bearing vaults to receive sUSBD (staked USBD). This token represents the user’s position in the Earn program and accrues rewards over time.
* **Multi-Strategy Yield Vaults:** The Earn program brings a variety of strategies to maximize BTC capital efficiency: * **Gamma-Neutral Hedging:** Yield generation while minimizing volatility and directional exposure. * **Cross-Chain Yield:** Deploy USBD across EVM, Bitcoin L2s, Solana, and STX to aggregate returns. * **Lending Markets:** Earn stable yields by lending USBD to borrowers. These strategies allow users to earn yield on their BTC holdings without liquidating assets, creating an efficient flow of capital within the BIMA ecosystem.
**Liquidity Unlocks and Redemption** To ensure sustainable and predictable liquidity for sUSBD holders, the Earn program includes monthly liquidity unlocks with a structured redemption mechanism:
* Monthly Unlocks: Once every month, liquidity becomes available for sUSBD redemption. * 7-Day Redemption Window: Users have a 7-day window to redeem sUSBD for USBD. * Auto-Rollover: If sUSBD is not redeemed during the window, it automatically rolls over into the next month’s cycle to continue earning rewards. This system balances yield optimization with liquidity management, ensuring that users can exit their positions without disrupting the broader protocol. The result is a self-reinforcing flow: Stability Pool depositors protect the protocol, sUSBD stakers generate yield, and BTC liquidity remains active across the ecosystem.
# Institutional-Grade Vault Strategies Make your BTC productive with the risk-reward profile that is right for you. ### Global, Permissionless Access to Opportunity BIMA vaults allow both major liquidity providers and retail users to access dozens of institutional-grade yield opportunities. Each vault represents a different yield strategy — from delta-hedging large caps like BTC, ETH, or SOL to perpetual futures and deliverable contracts — with varied expected APY and volatility ranges. These vaults are provided by independent entities within the BIMA ecosystem, allowing investors to seamlessly tap into strategies developed by some of the most successful fund managers in TradFi and DeFi alike. ### **Some sample vault strategies include:** **Bitcoin Delta-Neutral Strategy – APY: 15-20% ($5B Vault Cap)** This Delta Neutral strategy focuses on balancing long and short positions using Bitcoin to minimize market risk while earning consistent returns. By leveraging hedged exposure to BTC, this strategy ensures capital protection during volatile market conditions. It is ideal for users seeking stable and predictable yield without direct exposure to Bitcoin price fluctuations.
**d2USBD Strategy — APY: 20% ($200MM Vault Cap)** The d2USBD strategy is a low-volatility product that capitalizes on DeFi arbitrage opportunities while minimizing exposure to broader market fluctuations, delivering bond-like returns with minimal drawdowns. By maintaining a net delta-neutral portfolio within a range of ±10 delta, this strategy ensures insulation from large market swings while capturing yield and arbitrage opportunities.
**Bitcoin Trend Strategy — APY: 25-30% ($2B Vault Cap)** The Trend Strategy leverages a systematic, momentum-driven approach to capitalize on price trends in Bitcoin and other digital assets. By dynamically adjusting exposure based on market signals, the strategy seeks to optimize returns during upward trends while mitigating risks in volatile or declining markets. This strategy is designed for those seeking to harness market momentum with an adaptive and disciplined investment approach.
**iETH Strategy – APY: 50-60% ($200MM Vault Cap)** The iETH strategy captures the upside convexity of Ethereum (ETH) while managing downside risks through volatility arbitrage and tactical opportunities. By employing strategies like funding, basis, and cross-platform arbitrage, this vault minimizes exposure risks and maximizes profitability. Designed to cater to institutional-grade investors and crypto-native users alike, the strategy ensures robust returns while maintaining a delta exposure range between -20% and 200% of ETH.
# Minting USBD ### **Explaining the Minting Process** Collateral (like LSTs or other approved assets) must be locked in order to produce USBD tokens, which are subsequently usable throughout the DeFi ecosystem.\ \ By ensuring that every USBD is supported by enough collateral, the minting process preserves the stability and value of the stablecoin.
**Users mint USBD in 5 steps:**
1. **Connect Wallet to the BIMA Protocol:** Supported wallets include Ledger, MetaMask, XVerse, and other major wallets.
2. **Select Vault for LST Staking or Bitcoin Staking:** You will be able to see several vaults for each supported LST after linking your wallet. Choose the vault where you want to deposit your LST.
3. **Stake Asset:** Enter your preferred deposit amount for your LST or BTC. as well as the collateral ratio. The collateral value needs to match the necessary collateral ratio.
4. **Transaction Confirmation:** The transaction details, such as the quantity of USBD to be minted and the collateral to be locked, are reviewed by the users. The transaction is handled on the blockchain when it has been verified.
5. **Claim USBD:** The user's wallet is credited with the newly created USBD tokens. Users are able to check their updated balance and validate the transaction.
### **Minting Requirements and Calculations** * The Minimum Collateral Ratio (MCR) will be **150%**. * Users with more than **200%** collateral ratio can open a trove. * A minimum of **200 USBD** must be minted. * Users must deposit approximately **800 USD** worth of **BTC** to mint more than **200 USBD**. ## Do I have to pay fees as a borrower? When borrowing USBD from your Vault, a one-time borrowing fee is applied to the amount drawn and added to your debt. This variable fee (determined algorithmically) has a minimum value of `0.75%` under normal operating conditions. During Recovery Mode, the fee is reduced to `0%`. A `200 USBD` deposit, known as the Gas Compensation, is also required when opening a Vault. This acts as a safety deposit: if your Vault ever enters liquidation mode, this amount serves as an incentive for liquidators to process your liquidation. Liquidations aren't automatic and require an external call to our smart contracts. When a liquidator processes a liquidation, they receive this 200 USBD as compensation for the gas costs they incur, plus 0.5% of the collateral being liquidated. If you never get liquidated and choose to close your position by repaying your debt and withdrawing your collateral, the 200 USBD Gas Compensation will be automatically burned. You won't need to pay any additional fees for this process. Another consideration is the market price of USBD at the time of repayment. If USBD is trading above $1 (for example, at $1.03) when you need to repay your loan and you have to purchase it from the market, you're effectively paying a premium of 3%. You can avoid this by keeping your borrowed USBD available for repayment or by waiting for USBD to return to its peg with USD. # Redeeming USBD ### What exactly are redemptions? Redemption is the process where users exchange their USBD tokens for BTC at face value, with 1 USBD worth exactly $1. This means for any amount x of USBD, you receive x dollars worth of BTC. There are no restrictions on redemptions – users can redeem their USBD for BTC whenever they choose. However, redemptions are subject to a variable fee applied to the total amount redeemed. For instance, if the current redemption fee is 0.75%, BTC is priced at $40,000, and you redeem 200 USBD, you would receive 0.00498 BTC (0.005 BTC minus the 0.00002 BTC redemption fee). It's important to understand that your redemption contributes to the calculation of the system's `coreRate` and may affect the redemption fee, particularly for larger redemption amounts. For comprehensive information about the redemption process, consult our technical documentation. ### Is redeeming USBD the same as repaying my borrowed amount? No, these are entirely separate mechanisms. To repay your borrowed amount, you simply need to adjust your Vault's debt and collateral parameters. Redemptions operate independently of your loan management actions. ### How is the redemption fee determined? Under normal operating conditions, the redemption fee follows this formula: `(coreRate + 0.75%) * BTCwithdrawn` ### How is the `coreRate` calculated? The redemption fee structure is built around the `coreRate` variable, which adjusts dynamically within the protocol. This rate increases with each redemption event and gradually decays toward 0 with a 24-hour half-life. During each redemption: * The `coreRate` decays based on time elapsed since the previous fee event * The `coreRate` is then increased proportionally to the percentage of total USBD supply being redeemed * The final redemption fee equals `(coreRate + 0.75%) * BTCwithdrawn` The mathematical formula for the updated rate is: `coreRateNew = coreRateOld + redeemedUSBD / (2.5 * totalUSBD)` Where `coreRateOld` represents the value immediately before this redemption, and `coreRateNew` is the recalculated value applied to the current redemption. ### As a borrower, do I suffer financial loss if my position is redeemed against? When your Vault is subject to redemption, you don't experience a net financial loss. However, redemptions will reduce your BTC exposure in the system. On the positive side, your Vault's collateralization ratio will improve following a redemption event. ### How can I protect my position from redemptions? The most effective strategy to avoid redemptions is maintaining a higher collateralization ratio compared to other Vaults in the system. Remember that the redemption mechanism targets the most vulnerable positions first – Vaults with the lowest collateralization ratios are prioritized during redemption events. # Configuration Details Shared & Unique Vault Configurations ### Shared Configurations *These configurations are true for all LST vaults on-chain and cannot be changed after deployment*
**Minimum debt required to open/keep the trove opened:** 0 USBD **Flash loan fee:** 0.1% **USBD Gas compensation to a liquidator:** 200 USBD\ *This gas is taken from trove opener when the trove is opened, and returned to them after the trove is closed (however, it will go to a liquidator, if the trove gets liquidated).* **Maximum allowed interest rate of USBD**: 4% \ *Interest rate can be updated any time, but this number cannot.* \ *Updated interest rate can’t be higher than this.* **USBD interest rate when the LST will be sunsetting (in the process of removal):** 50% \ *High percentage ensures the USBD debt will be repaid early, therefore closing TroveManager sooner* **CCR:** 160%\ *Collateral Ratio under which system will be considered in critical condition and recovery mode will get activated (iquidation and fee changes happen at this time in our protocol)* **Percentage of a collateral LST that the liquidator of the trove will get as a compensation**: 0.5% **Maximum price deviation from previous price that will keep protocol price feed functioning:** 50% \ *If the price deviates more then 50% in single block, the protocol transactions will be halted* ### **Unique Configurations** *These are specific to each LST vault, and can be changed even after deploying a vault*
**Range where redemption fee will fluctuate:** 0.5-100% **Range where borrowing fee will fluctuate:** 1-3% **Interest rate of borrowed USBD:** 1% **Maximum amount of USBD to be borrowed per TroveManager:** 10,000,000,000 **MCR:** 150%\ Minimum Collateral Ratio allowed to open/keep a trove (if ratio is lower than this, user is liquidated)
# Risk Management + Liquidations Ensuring stability, security, and smooth investment operations. ### A secure, defined process By implementing a robust risk management framework and a well-defined liquidation process, BIMA protects user assets, mitigates risks associated with borrowing and staking, and maintains the overall health of the system. **1. Over-Collateralization** At the heart of USBD’s stability is over-collateralization. Every USBD in circulation is backed by more value in collateral than the amount of stablecoins issued, ensuring that the system can withstand market fluctuations. For instance, if you mint USBD, your crypto assets, such as Liquid Staked Tokens (LST) or Bitcoin, must be locked in at a 160% minimum collateralization ratio. This cushion ensures that even during volatile market conditions, the value of USBD remains protected. **2. Collateralized Vaults** USBD is issued against collateralized vaults, where users lock their assets (e.g., BTC, LST) in exchange for USBD. These vaults are an essential part of BIMA’s financial infrastructure, requiring borrowers to maintain healthy collateralization levels to avoid liquidation. By backing every USBD with a surplus of collateral, the platform ensures that the value of the stablecoin is always preserved, regardless of how much is borrowed. **3. Liquidation Mechanism** To maintain the security and stability of USBD, the BIMA Protocol includes a liquidation mechanism that ensures under-collateralized positions are promptly addressed. When a user's collateralization ratio falls below the required threshold, their position becomes eligible for liquidation. Unlike automated systems, liquidations in BIMA are manual—they are executed by external actors, referred to as liquidators. These liquidators monitor the protocol for liquidatable positions and initiate the liquidation process when conditions are met. As an incentive, liquidators receive a reward of **0.5%** of the liquidated collateral, along with a fixed bounty of **200 USBD**. This design ensures that the protocol remains healthy and that USBD remains backed by sufficient collateral, even during periods of market volatility. **4. Stability Fee** When users mint USBD by borrowing against their collateral, they pay a stability fee, which functions as an interest rate on the borrowed amount. This fee serves two purposes: it encourages responsible borrowing and helps control the overall supply of USBD. During periods of high demand, the stability fee can be adjusted upwards, preventing over-issuance and maintaining equilibrium between the supply and demand of USBD. **5. Debt Ceiling for Collateral Types** To minimize systemic risk, BIMA Protocol employs a debt ceiling for each collateral type. This ceiling caps the total amount of USBD that can be minted from specific assets, preventing over-reliance on any one collateral. This risk management feature ensures that USBD remains stable even if the value of certain assets drops unexpectedly, helping to protect the peg against market shocks. **6. Price Oracles for Accurate Collateral Valuation** Ensuring the stability of USBD relies on real-time, accurate valuation of the collateral backing it. BIMA Protocol integrates decentralized price oracles to monitor the market prices of collateral assets in real-time. This constant stream of data ensures that the platform can adjust to market fluctuations immediately, preventing under-collateralization and safeguarding the stablecoin’s value. **7. Market Demand and Liquidity Pools** Liquidity is crucial for maintaining the stability of any stablecoin, and USBD is no different. BIMA encourages users to provide liquidity on decentralized exchanges (DEXs) and lending platforms, ensuring that USBD can always be bought or sold close to its peg. To incentivize liquidity, BIMA may offer rewards to those who contribute to these pools, thus stabilizing the market price and preventing significant price deviations. **8. Governance and Adjustments** USBD is governed by an active and engaged community that can vote on key parameters such as collateralization ratios, stability fees, and debt ceilings. This decentralized governance model allows BIMA Protocol to remain agile and adaptive to changing market conditions, ensuring that USBD remains stable even in times of extreme volatility. By giving the community a say, the platform ensures that decisions benefit the ecosystem and users alike. **9. Arbitrage Opportunities** Even in the rare event of price fluctuations, arbitrage opportunities incentivize users to keep USBD close to its peg. If USBD drops below $1, arbitrageurs can buy it at a discount and redeem it for more valuable collateral, pushing the price back up. Conversely, if USBD trades above $1, users can mint new USBD by depositing collateral and selling it at a premium, bringing the price back to $1. This natural market correction mechanism ensures that the stablecoin remains pegged, even during minor disruptions.
# The Peg Stability Module The BIMA Peg Stability Module (PSM) is a mechanism designed to help USBD maintain its $1 USD peg by enabling direct, permissionless swaps between USBD and other stablecoins at a fixed 1:1 rate. ### What is the PSM? The Peg Stability Module (PSM) is a smart contract system that allows users to exchange approved stablecoins (like USDC, USDP, GUSD) for USBD and vice versa at a nearly fixed rate. I It was introduced to reduce the volatility of USBD's price and prevent it from trading significantly above or below $1. **`Depositing into the PSM (Minting USBD)`** `A user deposits an approved collateral stablecoin (e.g. USDC) into the PSM.` `The PSM mints and returns an equivalent amount of USBD, minus a small fee (e.g., 0.1%).` `This increases USBD supply, which can help push the USBD price down toward $1 if it's trading above.` **`Withdrawing from the PSM (Redeeming USBD)`** `A user returns USBD to the PSM.` `The PSM gives back an equivalent amount of the stablecoin (e.g. USDC), minus a fee (if any).` `This reduces USBD supply, which can help raise the USBD price if it's below` ### Why it matters **1. Soft peg enforcement**: By letting users arbitrage USBD against other stablecoins, the PSM anchors USBD to $1. **2. Monetary policy tool**: Bima governance can adjust fees, debt ceilings, and supported assets to control USBD supply and peg pressure. **3. Counterparty risk:** Introduces centralized risk (e.g., USDC exposure), but helps stabilize USBD during demand surges. ### **Example** Let’s say USBD is trading at $1.02 on the open market. **A user could:** 1\. Deposit 1,000 USDC into the PSM. 2\. Receive \~999 USBD (with a 0.1% fee). 3\. Sell USBD on the market for $1.02 each. 4\. Profit from arbitrage and push USBD price closer to $1. # Security ### Structural Supports in Place Security is of paramount importance to BIMA. We are committed to safeguarding the assets and personal information of our users. This Security Policy explains the steps we take to ensure the highest level of protection for our platform and the USBD stablecoin ecosystem. **1. Data Encryption and Blockchain Integrity** * **Immutable Transactions**: Transactions on the blockchain are immutable, meaning they cannot be altered or tampered with once they are confirmed. * **Public Key Cryptography**: All transactions and interactions on the platform are secured using advanced cryptography to ensure that only the intended parties can access and control their assets. **2. Smart Contract Security** * **Audits**: Our smart contracts are rigorously audited by third-party security firms to ensure they are free from vulnerabilities and operate as intended. * **Ongoing Monitoring**: We continuously monitor our smart contract environment for any unusual activity or potential threats. **3. User-Controlled Security** * **Self-Custody**: Users are responsible for the security of their private keys and wallets. BIMA has no access to user funds or private keys. * **MFA and Hardware Wallets**: We recommend users implement multi-factor authentication (MFA) where applicable and utilize hardware wallets for added security. **4. Cold Storage for Reserves** * **Bitcoin LST Backing**: The assets backing the USBD stablecoin are held securely in cold storage, reducing the risk of online threats. However, the underlying LSTs and UTXO assets deposited into BIMA's vaults to mint USBD will sit in the smart contract. * **Auditable Reserves**: Our reserves are fully auditable and transparent, aligning with our commitment to decentralized and secure operations. **5. Incident Response** * In the event of a security breach, we will notify users through decentralized communication channels. Our incident response team will act quickly to assess and mitigate any issues. **6. Bug Bounty Program** * We encourage community participation in our security efforts through our bug bounty program. Ethical hackers are invited to report vulnerabilities in exchange for rewards, helping us strengthen the platform. # Mainnet Addresses ## Bima is currrently live on: * [Ethereum Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Ethereum-mainnet) * [Core Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Core-mainnet) * [Hemi Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Hemi-mainnet) * [Plume Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Plume-mainnet) * [Sonic Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Sonic-mainnet) * [Goat Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#GOAT-mainnet) * [Botanix Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Botanix-mainnet) * [BSC Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#BSC-mainnet) * [Nibiru Mainnet](https://github.com/Bima-Labs/bima-v1-core/blob/mainnet-v2/docs/mainnet.md#Nibiru-mainnet) *As of last update: July 8, 2025* BIMA is using **Stork Oracle** for many of its EVM chains: ### Ethereum Mainnet Bima uses the [industry standard decentralized oracles Chainlink](https://docs.chain.link/data-feeds) as its primary oracle which provides highly secure and reliable, tamper-resistant data feeds. Chainlink oracles are used across our Ethereum instance: | Asset | Address | | ------- | --------------------------------------------------------------------------------------------------------------------- | | BTC-USD | [0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c](https://etherscan.io/address/0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c) | #### Ethereum Mainnet Addresses: | Contracts | Address | | ----------------------------- | --------------------------------------------------------------------------------------------------------------------- | | BimaCore | [0x227E9323D692578Ca3dF92b87d06625Df22380Ab](https://etherscan.io/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | USBD (DebtToken) | [0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c](https://etherscan.io/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | PriceFeed | [0x4B248F3646755F5b71A66BAe8C55C568809CbFf2](https://etherscan.io/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | BorrowerOperations | [0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc](https://etherscan.io/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | LiquidationManager | [0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA](https://etherscan.io/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | StabilityPool | [0x5F2283c7C8967c5Fb3a959E63ea89865B882d627](https://etherscan.io/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | Factory | [0xc5790164d3CCB6533b241EeE3Fd7f56862759376](https://etherscan.io/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | TroveManager (Implementation) | [0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938](https://etherscan.io/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | SortedTroves (Implementation) | [0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A](https://etherscan.io/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Gas Pool | [0xcbf15324c5838AEfe6731077C55adC85bDaE8b89](https://etherscan.io/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | BimaWrappedCollateralFactory | [0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf](https://etherscan.io/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | MultiCollateralHintHelpers | [0x6a62989d451C4F359a30bFcEcE51Da8A313dD490](https://etherscan.io/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b](https://etherscan.io/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1](https://etherscan.io/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | **Collaterals** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ------ | --------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------- | | WBTC | [0x59063FBE70d3B0F9312e5c89acDc476f5d2018e1](https://etherscan.io/address/0x59063FBE70d3B0F9312e5c89acDc476f5d2018e1) | [0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2](https://etherscan.io/address/0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2) | [0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c](https://etherscan.io/address/0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c) | | tacBTC | [0xdc0CcAd18ca645A03870676C78a81524B4655197](https://etherscan.io/address/0xdc0ccad18ca645a03870676c78a81524b4655197) | [0x29467211aD35f97cea26ae11Da0c427836eC4C05](https://etherscan.io/address/0x29467211ad35f97cea26ae11da0c427836ec4c05) | [0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c](https://etherscan.io/address/0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c) | | strBTC | [0x856dB20B0C326AFeE3bF64770f7d8D39bf232ce0](https://etherscan.io/token/0x856db20b0c326afee3bf64770f7d8d39bf232ce0) | [0x5066dC39248e6696C0F2606A744a4482a3D36B97](https://etherscan.io/address/0x5066dc39248e6696c0f2606a744a4482a3d36b97) | [0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c](https://etherscan.io/address/0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c) | ### ### ### Core Mainnet | Contracts | Address | | ----------------------------- | ------------------------------------------------------------------------------------------------------------------------- | | BimaCore | [0x227E9323D692578Ca3dF92b87d06625Df22380Ab](https://scan.coredao.org/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | USBD (DebtToken) | [0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c](https://scan.coredao.org/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | PriceFeed | [0x4B248F3646755F5b71A66BAe8C55C568809CbFf2](https://scan.coredao.org/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | BorrowerOperations | [0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc](https://scan.coredao.org/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | LiquidationManager | [0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA](https://scan.coredao.org/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | StabilityPool | [0x5F2283c7C8967c5Fb3a959E63ea89865B882d627](https://scan.coredao.org/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | Factory | [0xc5790164d3CCB6533b241EeE3Fd7f56862759376](https://scan.coredao.org/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | TroveManager (Implementation) | [0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938](https://scan.coredao.org/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | SortedTroves (Implementation) | [0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A](https://scan.coredao.org/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Gas Pool | [0xcbf15324c5838AEfe6731077C55adC85bDaE8b89](https://scan.coredao.org/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | BimaWrappedCollateralFactory | [0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf](https://scan.coredao.org/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | - | - | | MultiCollateralHintHelpers | [0x6a62989d451C4F359a30bFcEcE51Da8A313dD490](https://scan.coredao.org/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b](https://scan.coredao.org/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1](https://scan.coredao.org/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | ### Hemi Mainnet | Contracts | Address | | ----------------------------- | -------------------------------------------------------------------------------------------------------------------------- | | BimaCore | [0x227E9323D692578Ca3dF92b87d06625Df22380Ab](https://explorer.hemi.xyz/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | USBD (DebtToken) | [0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c](https://explorer.hemi.xyz/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | PriceFeed | [0x4B248F3646755F5b71A66BAe8C55C568809CbFf2](https://explorer.hemi.xyz/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | BorrowerOperations | [0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc](https://explorer.hemi.xyz/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | LiquidationManager | [0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA](https://explorer.hemi.xyz/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | StabilityPool | [0x5F2283c7C8967c5Fb3a959E63ea89865B882d627](https://explorer.hemi.xyz/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | Factory | [0xc5790164d3CCB6533b241EeE3Fd7f56862759376](https://explorer.hemi.xyz/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | TroveManager (Implementation) | [0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938](https://explorer.hemi.xyz/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | SortedTroves (Implementation) | [0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A](https://explorer.hemi.xyz/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Gas Pool | [0xcbf15324c5838AEfe6731077C55adC85bDaE8b89](https://explorer.hemi.xyz/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | BimaWrappedCollateralFactory | [0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf](https://explorer.hemi.xyz/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | - | - | | MultiCollateralHintHelpers | [0x6a62989d451C4F359a30bFcEcE51Da8A313dD490](https://explorer.hemi.xyz/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b](https://explorer.hemi.xyz/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1](https://explorer.hemi.xyz/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ---- | -------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------- | | iBTC | [0x8154Aaf094c2f03Ad550B6890E1d4264B5DdaD9A](https://explorer.hemi.xyz/address/0x8154Aaf094c2f03Ad550B6890E1d4264B5DdaD9A) | [0x35052fFc80c2c681eAb675488394A40DCEb61823](https://explorer.hemi.xyz/address/0x35052fFc80c2c681eAb675488394A40DCEb61823) | [0xDA44aa5C42C020147625cCe1f1878075D106f92a](https://explorer.hemi.xyz/address/0xDA44aa5C42C020147625cCe1f1878075D106f92a) | ### Plume Mainnet | Contracts | Address | | ----------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | | BimaCore | [0x227E9323D692578Ca3dF92b87d06625Df22380Ab](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | USBD (DebtToken) | [0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c](https://explorer-plume-mainnet-1.t.conduit.xyz/token/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | PriceFeed | [0x4B248F3646755F5b71A66BAe8C55C568809CbFf2](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | BorrowerOperations | [0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | LiquidationManager | [0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | StabilityPool | [0x5F2283c7C8967c5Fb3a959E63ea89865B882d627](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | Factory | [0xc5790164d3CCB6533b241EeE3Fd7f56862759376](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | TroveManager (Implementation) | [0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | SortedTroves (Implementation) | [0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Gas Pool | [0xcbf15324c5838AEfe6731077C55adC85bDaE8b89](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | BimaWrappedCollateralFactory | [0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | - | - | | MultiCollateralHintHelpers | [0x6a62989d451C4F359a30bFcEcE51Da8A313dD490](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1](https://explorer-plume-mainnet-1.t.conduit.xyz/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ------- | ------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------- | | enzoBTC | [0x6A9A65B84843F5fD4aC9a0471C4fc11AFfFBce4a](https://explorer.plume.org/token/0x6A9A65B84843F5fD4aC9a0471C4fc11AFfFBce4a) | [0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2](https://explorer.plume.org/address/0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2) | [0xDA44aa5C42C020147625cCe1f1878075D106f92a](https://explorer.plume.org/address/0xDA44aa5C42C020147625cCe1f1878075D106f92a) | ### Sonic Mainnet | Contracts | Address | | ---------------------------- | ------------------------------------------------------------------------------------------------------------------------ | | BimaWrappedCollateralFactory | [`0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf`](https://sonicscan.org/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | BimaCore | [`0x227E9323D692578Ca3dF92b87d06625Df22380Ab`](https://sonicscan.org/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | PriceFeed | [`0x4B248F3646755F5b71A66BAe8C55C568809CbFf2`](https://sonicscan.org/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | GasPool | [`0xcbf15324c5838AEfe6731077C55adC85bDaE8b89`](https://sonicscan.org/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | SortedTroves | [`0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A`](https://sonicscan.org/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Factory | [`0xc5790164d3CCB6533b241EeE3Fd7f56862759376`](https://sonicscan.org/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | LiquidationManager | [`0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA`](https://sonicscan.org/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | DebtToken | [`0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c`](https://sonicscan.org/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | BorrowerOperations | [`0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc`](https://sonicscan.org/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | StabilityPool | [`0x5F2283c7C8967c5Fb3a959E63ea89865B882d627`](https://sonicscan.org/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | TroveManager | [`0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938`](https://sonicscan.org/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | TokenLocker | [`0x09A028587705B49Fa162671d2507567cFEf75bf7`](https://sonicscan.org/address/0x09A028587705B49Fa162671d2507567cFEf75bf7) | | IncentiveVoting | [`0x5587416EF31Da806948e6975c377844F5EDdb7A8`](https://sonicscan.org/address/0x5587416EF31Da806948e6975c377844F5EDdb7A8) | | BimaToken | [`0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15`](https://sonicscan.org/address/0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15) | | BimaVault | [`0xc4bBfB26A2285B3d5e7406F383a676E78B126799`](https://sonicscan.org/address/0xc4bBfB26A2285B3d5e7406F383a676E78B126799) | | MultiCollateralHintHelpers | [`0x6a62989d451C4F359a30bFcEcE51Da8A313dD490`](https://sonicscan.org/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [`0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b`](https://sonicscan.org/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [`0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1`](https://sonicscan.org/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ---- | -------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------- | | LBTC | [0xecAc9C5F704e954931349Da37F60E39f515c11c1](https://sonicscan.org/token/0xecAc9C5F704e954931349Da37F60E39f515c11c1) | [0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2](https://sonicscan.org/address/0xa20c3dc27c8c1a1adc92e3b443607914ed800ff2) | [0x8Bcd59Cb7eEEea8e2Da3080C891609483dae53EF](https://sonicscan.org/address/0x8Bcd59Cb7eEEea8e2Da3080C891609483dae53EF) | ### GOAT Mainnet | Contracts | Address | | ---------------------------- | -------------------------------------------------------------------------------------------------------------------------------- | | BimaWrappedCollateralFactory | [`0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf`](https://explorer.goat.network/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | BimaCore | [`0x227E9323D692578Ca3dF92b87d06625Df22380Ab`](https://explorer.goat.network/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | PriceFeed | [`0x4B248F3646755F5b71A66BAe8C55C568809CbFf2`](https://explorer.goat.network/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | GasPool | [`0xcbf15324c5838AEfe6731077C55adC85bDaE8b89`](https://explorer.goat.network/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | SortedTroves | [`0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A`](https://explorer.goat.network/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Factory | [`0xc5790164d3CCB6533b241EeE3Fd7f56862759376`](https://explorer.goat.network/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | LiquidationManager | [`0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA`](https://explorer.goat.network/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | DebtToken | [`0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c`](https://explorer.goat.network/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | BorrowerOperations | [`0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc`](https://explorer.goat.network/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | StabilityPool | [`0x5F2283c7C8967c5Fb3a959E63ea89865B882d627`](https://explorer.goat.network/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | TroveManager | [`0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938`](https://explorer.goat.network/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | TokenLocker | [`0x09A028587705B49Fa162671d2507567cFEf75bf7`](https://explorer.goat.network/address/0x09A028587705B49Fa162671d2507567cFEf75bf7) | | IncentiveVoting | [`0x5587416EF31Da806948e6975c377844F5EDdb7A8`](https://explorer.goat.network/address/0x5587416EF31Da806948e6975c377844F5EDdb7A8) | | BimaToken | [`0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15`](https://explorer.goat.network/address/0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15) | | BimaVault | [`0xc4bBfB26A2285B3d5e7406F383a676E78B126799`](https://explorer.goat.network/address/0xc4bBfB26A2285B3d5e7406F383a676E78B126799) | | MultiCollateralHintHelpers | [`0x6a62989d451C4F359a30bFcEcE51Da8A313dD490`](https://explorer.goat.network/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [`0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b`](https://explorer.goat.network/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [`0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1`](https://explorer.goat.network/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | | BimaBurner | [`0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09`](https://explorer.goat.network/address/0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ----- | ---------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------ | | esBTC | [0xaFB068838136358CFa6B54BEa580B86DF70BBA7f](https://explorer.goat.network/token/0xaFB068838136358CFa6B54BEa580B86DF70BBA7f) | [0x2235D66EcedC50F675778D872acc2d4bB4B413e5](https://explorer.goat.network/address/0x2235D66EcedC50F675778D872acc2d4bB4B413e5) | [0xDA44aa5C42C020147625cCe1f1878075D106f92a](https://explorer.goat.network/address/0xDA44aa5C42C020147625cCe1f1878075D106f92a) | ### Botanix Mainnet | Contracts | Address | | ---------------------------- | ------------------------------------------------------------------------------------------------------------------------- | | BimaWrappedCollateralFactory | [`0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf`](https://botanixscan.io/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | BimaCore | [`0x227E9323D692578Ca3dF92b87d06625Df22380Ab`](https://botanixscan.io/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | PriceFeed | [`0x4B248F3646755F5b71A66BAe8C55C568809CbFf2`](https://botanixscan.io/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | GasPool | [`0xcbf15324c5838AEfe6731077C55adC85bDaE8b89`](https://botanixscan.io/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | SortedTroves | [`0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A`](https://botanixscan.io/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Factory | [`0xc5790164d3CCB6533b241EeE3Fd7f56862759376`](https://botanixscan.io/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | LiquidationManager | [`0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA`](https://botanixscan.io/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | DebtToken | [`0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c`](https://botanixscan.io/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | BorrowerOperations | [`0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc`](https://botanixscan.io/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | StabilityPool | [`0x5F2283c7C8967c5Fb3a959E63ea89865B882d627`](https://botanixscan.io/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | TroveManager | [`0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938`](https://botanixscan.io/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | TokenLocker | [`0x09A028587705B49Fa162671d2507567cFEf75bf7`](https://botanixscan.io/address/0x09A028587705B49Fa162671d2507567cFEf75bf7) | | IncentiveVoting | [`0x5587416EF31Da806948e6975c377844F5EDdb7A8`](https://botanixscan.io/address/0x5587416EF31Da806948e6975c377844F5EDdb7A8) | | BimaToken | [`0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15`](https://botanixscan.io/address/0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15) | | BimaVault | [`0xc4bBfB26A2285B3d5e7406F383a676E78B126799`](https://botanixscan.io/address/0xc4bBfB26A2285B3d5e7406F383a676E78B126799) | | MultiCollateralHintHelpers | [`0x6a62989d451C4F359a30bFcEcE51Da8A313dD490`](https://botanixscan.io/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [`0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b`](https://botanixscan.io/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [`0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1`](https://botanixscan.io/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | | BimaBurner | [`0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09`](https://botanixscan.io/address/0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ------ | --------------------------------------------------------------------------------------------------------------------- | ------------ | ----------------------------------------------------------------------------------------------------------------------- | | stBTC | [0xF4586028FFdA7Eca636864F80f8a3f2589E33795](https://botanixscan.io/token/0xF4586028FFdA7Eca636864F80f8a3f2589E33795) | - | [0x632d2713F48ac2DF441b3cE46Bd7fa4467D419d1](https://botanixscan.io/address/0x632d2713F48ac2DF441b3cE46Bd7fa4467D419d1) | | rovBTC | [0x9BC574a6f1170e90D80826D86a6126d59198A3Ef](https://botanixscan.io/token/0x9BC574a6f1170e90D80826D86a6126d59198A3Ef) | - | [0x632d2713F48ac2DF441b3cE46Bd7fa4467D419d1](https://botanixscan.io/address/0x632d2713F48ac2DF441b3cE46Bd7fa4467D419d1) | ### BSC Mainnet | Contracts | Address | | ---------------------------- | ---------------------------------------------------------------------------------------------------------------------- | | BimaWrappedCollateralFactory | [`0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf`](https://bscscan.com/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | BimaCore | [`0x227E9323D692578Ca3dF92b87d06625Df22380Ab`](https://bscscan.com/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | PriceFeed | [`0x4B248F3646755F5b71A66BAe8C55C568809CbFf2`](https://bscscan.com/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | GasPool | [`0xcbf15324c5838AEfe6731077C55adC85bDaE8b89`](https://bscscan.com/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | SortedTroves | [`0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A`](https://bscscan.com/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Factory | [`0xc5790164d3CCB6533b241EeE3Fd7f56862759376`](https://bscscan.com/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | LiquidationManager | [`0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA`](https://bscscan.com/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | DebtToken | [`0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c`](https://bscscan.com/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | BorrowerOperations | [`0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc`](https://bscscan.com/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | StabilityPool | [`0x5F2283c7C8967c5Fb3a959E63ea89865B882d627`](https://bscscan.com/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | TroveManager | [`0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938`](https://bscscan.com/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | TokenLocker | [`0x09A028587705B49Fa162671d2507567cFEf75bf7`](https://bscscan.com/address/0x09A028587705B49Fa162671d2507567cFEf75bf7) | | IncentiveVoting | [`0x5587416EF31Da806948e6975c377844F5EDdb7A8`](https://bscscan.com/address/0x5587416EF31Da806948e6975c377844F5EDdb7A8) | | BimaToken | [`0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15`](https://bscscan.com/address/0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15) | | BimaVault | [`0xc4bBfB26A2285B3d5e7406F383a676E78B126799`](https://bscscan.com/address/0xc4bBfB26A2285B3d5e7406F383a676E78B126799) | | MultiCollateralHintHelpers | [`0x6a62989d451C4F359a30bFcEcE51Da8A313dD490`](https://bscscan.com/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [`0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b`](https://bscscan.com/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [`0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1`](https://bscscan.com/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | | BimaBurner | [`0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09`](https://bscscan.com/address/0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ----- | ------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------- | | bfBTC | [0x623F2774d9f27B59bc6b954544487532CE79d9DF](https://bscscan.com/token/0x623F2774d9f27B59bc6b954544487532CE79d9DF) | [0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2](https://bscscan.com/address/0xa20c3DC27C8c1A1aDC92E3b443607914Ed800FF2) | [0x264990fbd0A4796A3E3d8E37C4d5F87a3aCa5Ebf](https://bscscan.com/address/0x264990fbd0A4796A3E3d8E37C4d5F87a3aCa5Ebf) | ### Nibiru Mainnet | Contracts | Address | | ---------------------------- | ---------------------------------------------------------------------------------------------------------------------------- | | BimaWrappedCollateralFactory | [`0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf`](https://www.nibiruscan.io/address/0x76De9B5Df6dCAA70f88E4E0949E17367c4129Dbf) | | BimaCore | [`0x227E9323D692578Ca3dF92b87d06625Df22380Ab`](https://www.nibiruscan.io/address/0x227E9323D692578Ca3dF92b87d06625Df22380Ab) | | PriceFeed | [`0x4B248F3646755F5b71A66BAe8C55C568809CbFf2`](https://www.nibiruscan.io/address/0x4B248F3646755F5b71A66BAe8C55C568809CbFf2) | | GasPool | [`0xcbf15324c5838AEfe6731077C55adC85bDaE8b89`](https://www.nibiruscan.io/address/0xcbf15324c5838AEfe6731077C55adC85bDaE8b89) | | SortedTroves | [`0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A`](https://www.nibiruscan.io/address/0x870A108234DEe42A9Fa01c36368E5e4ea3C56b4A) | | Factory | [`0xc5790164d3CCB6533b241EeE3Fd7f56862759376`](https://www.nibiruscan.io/address/0xc5790164d3CCB6533b241EeE3Fd7f56862759376) | | LiquidationManager | [`0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA`](https://www.nibiruscan.io/address/0x2D3b9e988470d14a81B9965e4E5229AaE06b73BA) | | DebtToken | [`0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c`](https://www.nibiruscan.io/address/0x6bedE1c6009a78c222D9BDb7974bb67847fdB68c) | | BorrowerOperations | [`0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc`](https://www.nibiruscan.io/address/0x87FED36c032EE7289a1d2f3C48798e4C7fCDfAEc) | | StabilityPool | [`0x5F2283c7C8967c5Fb3a959E63ea89865B882d627`](https://www.nibiruscan.io/address/0x5F2283c7C8967c5Fb3a959E63ea89865B882d627) | | TroveManager | [`0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938`](https://www.nibiruscan.io/address/0x8Ed4f24F71fFbfBA5109be1eD13c83b7cC657938) | | TokenLocker | [`0x09A028587705B49Fa162671d2507567cFEf75bf7`](https://www.nibiruscan.io/address/0x09A028587705B49Fa162671d2507567cFEf75bf7) | | IncentiveVoting | [`0x5587416EF31Da806948e6975c377844F5EDdb7A8`](https://www.nibiruscan.io/address/0x5587416EF31Da806948e6975c377844F5EDdb7A8) | | BimaToken | [`0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15`](https://www.nibiruscan.io/address/0x49CE2eaBdEAf65864a9d6542b2de9D384dfaeF15) | | BimaVault | [`0xc4bBfB26A2285B3d5e7406F383a676E78B126799`](https://www.nibiruscan.io/address/0xc4bBfB26A2285B3d5e7406F383a676E78B126799) | | MultiCollateralHintHelpers | [`0x6a62989d451C4F359a30bFcEcE51Da8A313dD490`](https://www.nibiruscan.io/address/0x6a62989d451C4F359a30bFcEcE51Da8A313dD490) | | MultiTroveGetter | [`0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b`](https://www.nibiruscan.io/address/0x42186eefc0e6D7E3CFB82F3845671ef1600dCF6b) | | TroveManagerGetters | [`0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1`](https://www.nibiruscan.io/address/0x6E26dE999Ff1a1C39F44ba642E3B2F0e0CD7b1b1) | | BimaBurner | [`0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09`](https://www.nibiruscan.io/address/0x93EE18e6d372A2C9Bf8c876932E39C4126F80f09) | **Collateral** | Name | Address (wrapper address if applicable) | TroveManager | Oracle | | ---- | ------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------- | | uBTC | [0xd59be1Da2e9B30b6f7aB27b2D08f841B39c349fa](https://nibiscan.io/token/0xd59be1Da2e9B30b6f7aB27b2D08f841B39c349fa) | [0x8Ae19E7E2e03B3EdaB51390099aB7E6783EbC8A4](https://nibiscan.io/address/0x8Ae19E7E2e03B3EdaB51390099aB7E6783EbC8A4) | [0xc8FD30cA96B6D120Fc7646108E11c13E8bb128Eb](https://nibiscan.io/address/0xc8FD30cA96B6D120Fc7646108E11c13E8bb128Eb) | # BIMA Credit Score (BCS) How the BIMA Credit Score (BCS) is Calculated The BIMA Credit Score (BCS) is a proprietary algorithm designed to assess the risk level of a Bitcoin address based on its on-chain activity. This scoring system is integrated into [**Bima Occam**](https://occam.bima.money/) to provide Occam users on the BIMA platform with comprehensive risk assessment capabilities. The score ranges from 0 to 100, where a higher score indicates lower risk. The calculation involves fetching data from multiple Bitcoin blockchain APIs (Blockstream, Mempool, BlockCypher, Blockchain.info) and combining various metrics. ### **1. Data Points Collected** The algorithm primarily relies on the following data points for a given Bitcoin address: * **Transaction Count (`txCount`):** Total number of transactions associated with the address. * **Total Received BTC (`totalReceivedBtc`):** The cumulative amount of Bitcoin received by the address. * **Total Sent BTC (`totalSentBtc`):** The cumulative amount of Bitcoin sent from the address. * **UTXO Balance BTC (`utxoBalanceBtc`):** The current unspent transaction output balance of the address. * **Address Age (`addressAgeDays`):** The number of days since the address first appeared on the blockchain. * **Recent Transaction Activity:** Whether the address has had a transaction within the last 30 days. ### **2. Scoring Logic** The Bima Credit Score is calculated by assigning points based on these metrics. The specific weighting and contribution of each factor are as follows: * **Transaction Count:** Each transaction contributes `2` points to the score. * `score += txCount * 2` * **Total Received BTC:** Contributes up to `50` points. The contribution is capped to prevent excessively large transactions from skewing the score. * `score += Math.min(totalReceivedBtc * 0.5, 50)` * **UTXO Balance BTC:** Contributes up to `30` points. This reflects the current holdings of the address. * `score += Math.min(utxoBalanceBtc * 1, 30)` * **Address Age:** Older addresses are generally considered more established and less risky. * If `addressAgeDays` > 365 days: `+20` points * If `addressAgeDays` > 180 days: `+10` points * `if (addressAgeDays > 365) score += 20; else if (addressAgeDays > 180) score += 10;` * **Recent Transaction Activity:** Addresses with recent activity are often seen as active and potentially more legitimate. * If a transaction occurred within the last 30 days: `+15` points * `if (recentTxTime && now - recentTxTime < 60 * 60 * 24 * 30) score += 15;` The final score is then clamped between 0 and 100: `score = Math.min(Math.max(score, 0), 100)` ### **3. Risk Level Assignment** Based on the calculated Bima Credit Score, a risk level is assigned for Occam users: * **Low Risk:** Score between 70 and 100. * Indicates high creditworthiness with minimal default risk, suitable for standard transactions. * **Medium Risk:** Score between 40 and 69. * Indicates a moderate risk profile requiring standard monitoring and due diligence. * **High Risk:** Score between 0 and 39. * Indicates an elevated default risk requiring enhanced due diligence and careful consideration. *** *The BIMA Credit Score is currently implemented in BIMA Occam to help users make informed decisions when interacting with Bitcoin addresses on the platform.* # FAQ ### Frequently Asked Questions **1. What is BIMA Protocol?**\ BIMA is a decentralized finance (DeFi) platform that enables users to stake assets like BTC and Liquid Staked Tokens (LST) to borrow USBD, a stablecoin pegged to the US dollar. The platform offers secure vaults, collateralized lending, and opportunities to earn rewards through staking. **2. How does USBD maintain its stability?**\ USBD is backed by over-collateralized assets, meaning that every USBD in circulation is secured by a higher value of crypto assets. BIMA employs automatic liquidation mechanisms, stability fees, and decentralized oracles to maintain the peg and ensure that the stablecoin remains stable even during market fluctuations. **3. What assets can I use as collateral on BIMA?**\ You can use Liquid Staked Tokens (LST) and BTC as collateral. Each type of asset has its own collateralization ratio and debt ceiling, ensuring that all loans are sufficiently backed by valuable collateral. **4. What is the collateralization ratio, and why is it important?**\ The collateralization ratio represents the minimum percentage of collateral required to secure a loan. For example, a 225% collateralization ratio means that you need to lock up $225 worth of assets to borrow $100 in USBD. Maintaining a healthy collateralization ratio helps protect your position from liquidation and ensures the platform’s stability. **5. What happens if my collateralization ratio drops too low?**\ If your collateral ratio falls below the required threshold, your position becomes eligible for liquidation. A liquidator can then fully liquidate your collateral to repay the debt. There’s no partial recovery—100% of your position may be liquidated. Liquidators earn 0.5% of the collateral and 200 USBD as a reward. **6. How can I avoid liquidation?**\ To avoid liquidation, you should monitor your collateralization ratio closely and ensure it stays above the required threshold. You can deposit additional collateral or repay some of your borrowed USBD to restore a safe margin. BIMA offers real-time monitoring and alerts to help you manage your position. **7. What fees are associated with using BIMA?**\ Borrowers are required to pay a stability fee, which is an interest rate on the USBD they borrow. This fee helps maintain the health of the protocol and prevents over-borrowing. There may also be gas fees for blockchain transactions like depositing collateral or repaying loans. **8. Can I earn rewards by staking on BIMA?**\ Yes, users can stake Liquid Staked Tokens (LST) in dedicated vaults to earn USBD stablecoins. By staking LST, you can leverage your assets to earn additional rewards while maintaining the security of your collateral. **9. What is the liquidation penalty?**\ If your position is liquidated, a liquidation penalty is applied, meaning your collateral is sold at a discount to incentivize liquidators. This penalty ensures that the liquidation process is completed efficiently but may result in a loss of a larger portion of your collateral than the debt itself. **10. How does BIMA ensure security?**\ BIMA uses smart contracts that are regularly audited for vulnerabilities. Additionally, the platform implements decentralized price oracles, automated liquidation mechanisms, and governance-controlled risk parameters to safeguard user assets and maintain the protocol’s overall security. **11. Can I withdraw my collateral at any time?**\ Yes, as long as your collateralization ratio is healthy and you have repaid any outstanding USBD loans, you can withdraw your collateral from the vault. However, if your position is close to the liquidation threshold, you may need to deposit additional collateral or repay a portion of your debt before withdrawing. **12. How does governance work on BIMA?**\ BIMA is governed by its community of users, who can propose and vote on changes to key risk parameters, such as collateralization ratios, stability fees, and debt ceilings. This decentralized governance ensures that the platform remains adaptable to market conditions and user needs. If you have more questions or need further assistance, feel free to reach out to the BIMA community or check our documentation for in-depth information.
# Privacy Policy Effective Date: 12 August 2026 Welcome to the Bima Protocol. Please take a few minutes to read this Privacy Policy carefully. **1. INTRODUCTION** We respect your privacy and are committed to protecting your personal data. Please note that our Services are not intended for minors below the age of 18 years and we do not knowingly collect data relating to minors. This Privacy Policy sets out how Bima Protocol Limited, a BVI entity("we," "our," or "us") collects, uses, and shares information in connection with our Services ([https://Bima.money](https://bima.money)) website, any other media form, media channel, mobile website or mobile application as well as your rights and choices regarding such information. By using the Services, you hereby agree to the collection, use, and sharing of your information as described in this Privacy Policy. If you do not agree with the terms set out hereunder, please refrain from utilizing our Services and/or interacting with our website ([https://Bima.money](https://bima.money)) (“Website”). It is important that you read this Privacy Policy together with any other Policy or policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of why and how we are using your data. This Privacy Policy supplements other policies and is not intended to override them. **2. WHAT INFORMATION WE COLLECT** Personal data, or personal information means any information that relates to an identified or identifiable living individual. This is a broad definition which is not restricted solely to personal identification data (e.g. your name, address, date of birth, etc.). A “data subject” is an individual who can be identified, directly or indirectly, by personal data. This is usually by reference to an identifier such as a name, identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person. Different pieces of information, which collected together can lead to the identification of a particular person, also constitutes personal data. Information Collected Automatically Bima Protocol operates and provides its Services in a decentralized and permissionless manner, based on underlying smart contracts written into the underlying blockchain on which our Services are provided. When you interact with the Bima Protocol, we must differentiate between 'off-chain' data from your use of the bima.money website and 'on-chain' data related to your use of the protocol itself. Your on-chain activity is inherently public and pseudonymous. Accordingly, when electing to utilize our Services, the following information may be collected from you automatically:- (a) Wallet Information: We may collect details relating to the wallet which you use for the purposes of interacting with/utilizing our Services (i.e. Wallet Address). This information allows us to: (i) monitor your access to the Services so as to ensure that you are not utilizing the same in any manner which may contravene our Website terms and conditions or any applicable laws; (ii) take necessary action (e.g. restricting or blocking your access to the Services) for the purposes as aforesaid; and (iii) to improve the interface and user experience of our Services. Specifically, when you deposit collateral to mint our native stablecoin, USBD, the type and amount of your collateral, the amount of USBD you mint, and the resulting health factor of your individual loan position are all data points recorded on-chain. This information is tied to your public wallet address and is essential for the transparent functioning of the protocol's liquidation, Vaults, and Stability Pools. (b) Device Information: We may collect information about the device you use to access the Services (e.g. device type, operating system, browser type, and screen height and width). This information allows us to optimize the user interface according to the specifications of different devices and to troubleshoot any potential technical issues that may be associated with varying devices. (c) User Behavior Information: We may collect information about how you use our Services, including, the time you spend utilizing our Services, your preferred features and assets, your interaction with links embedded on our Website, and your search queries on our Website. By analyzing this data, we gain a deeper understanding of our users behavior, thereby allowing us to make continuous improvements to our Website and Services and to enhance the overall user experience. Information You Provide In addition to the above mentioned, we may collect the following information about you when you use the Services: (a) Correspondence and Content: When you submit any messages to us (such as feedback and questions to information support), we may collect your name and contact information, as well as any other content included in the message. This allows us to contact you so as to address your queries and where applicable, act on your feedback so as to improve our Services. (b) Miscellaneous: You may choose to voluntarily provide and other information to us that we have not solicited from you at your own discretion. In this instance, you are solely responsible for such information. **3. HOW WE USE THE INFORMATION COLLECTED** We will only use the information collected as set out in this Privacy Policy when the applicable legislation allows us to or as otherwise set out hereto. We use the on-chain information, specifically your public wallet address and transaction data, exclusively to facilitate the automated and permissionless functionality of the Bima Protocol's smart contracts. This includes executing your requests to mint USBD, processing your deposits into Vaults or Stability Pools, calculating your borrowing capacity, and ensuring the correct distribution of protocol rewards. We do not use this on-chain data for traditional user profiling or marketing communications. To ensure the ongoing stability and security of the Bima ecosystem, we may also conduct aggregated analysis of public on-chain data. This includes monitoring the total value locked (TVL), the total supply of USBD, the depth of the Stability Pool, and the distribution of assets across our supported multi-chain networks. This analysis is performed on pseudonymous, publicly available data and is used for risk management and protocol improvement purposes only. Most commonly, we will use the information collected in the following circumstances: (a) Provision of Services: To make the Services available to you and perform the necessary actions such as responding to your comments, questions, and requests, and providing information support; sending you technical notices, updates, security alerts, information regarding changes to our policies, and support, administrative messages; detecting, preventing, and addressing fraud, breach of Terms, and threats, or harm; and compliance with legal and regulatory requirements. (b) Improving the Services: To continually improve the Services. (c) Legitimate interests: To further our legitimate interests (or those of a third party), where we make sure we use this basis as far as your interests and individual rights do not override those interests. (d) Consent: With your consent, which means freely given, specific, informed and unambiguous indication of your wishes by which you, by a statement or by a clear affirmative action, signify agreement to the processing of personal data relating to you; under specific circumstances this consent should be explicit – if this is the case, we will ask for it properly. (e) Compliance with Laws: As we believe necessary or appropriate to operate and maintain the security or integrity of our Services and Website, including to prevent or stop an attack on our computer systems or networks, investigate possible wrongdoing in connection with the Interface, enforce the terms and conditions pertaining to our Website and Services, and comply with applicable laws, lawful requests, and legal process, such as responding to subpoenas or requests from government authorities. (f) Facilitating Requests: To comply with your requests or directions. (g) Sale or Transfer of Business: We may also need to process your data in connection with or during the negotiation of any merger, financing, acquisition, bankruptcy, dissolution, transaction or proceeding involving all or a part of our shares, business or assets. This will be based on our legitimate interests in carrying out such transaction, or to meet our legal obligations. Notwithstanding the above, we may use information that does not identify you (including information that has been aggregated or de-identified) for any purpose except as prohibited by applicable law. **4. DISCLOSURE OF INFORMATION** A core principle of the Bima Protocol is transparency, which is achieved through the use of public blockchains. Consequently, all on-chain transaction data is, by its nature, publicly disclosed. Anyone can use a public blockchain explorer to view the activities associated with any public wallet address, including all interactions with Bima's smart contracts. We do not control this public disclosure; it is an intrinsic feature of the decentralized networks upon which we operate. We may share or disclose information that we collect in accordance with the practices described in this section and for the purposes set out in the preceding section. The categories of parties with whom we may share information include: (a) Affiliates: We share information with our affiliates and related entities, including where they act as our service providers or for their own internal purposes. (b) Professional Advisors: We share information with our professional advisors for purposes of audits and compliance with our legal obligations. (c) Service Providers: We share information with third-party service providers for business purposes, including fraud detection and prevention, security threat detection, data analytics, information technology and storage, and blockchain transaction monitoring. All service providers that we engage with are restricted to only utilizing the information on our behalf and in accordance with our instructions. Notwithstanding the above, we may share information that does not identify you (including information that has been aggregated or de-identified) except as prohibited by applicable law. **5. THIRD PARTY SERVICES** For the purposes of the Services, we may from time to time, work with third party services providers and/or integrate technologies operated or controlled by such third parties. To provide a seamless multi-chain experience across both EVM (e.g., Ethereum) and non-EVM networks, the Bima Protocol must interact with third-party infrastructure. This includes public blockchain networks, third-party RPC nodes, and potentially cross-chain bridging services. When your transactions are processed on these networks, they are subject to the operational rules and data practices of those specific blockchains, which we do not control. It is important to distinguish between the decentralized Bima Protocol itself, which exists on various blockchains, and the bima.money website, which is one of many interfaces to the protocol. The bima.money website is hosted on traditional web infrastructure which may collect standard web traffic data. While we operate this interface, other third-party interfaces may also provide access to Bima's smart contracts, and their data collection practices are governed by their own policies. Please note that when you interact with third parties, including when you leave our Website via third party links embedded thereto, such third parties may independently collect information about you and solicit information from you. The information collected and stored by the aforementioned third parties remains subject to their own policies and practices, including what information they share with us, your rights and choices on their services and devices, and the jurisdiction in which they store such information. Prior to accessing third party links or interacting with third parties through our Website and/or Services, please familiarize yourself with the respective privacy policies and terms of use of such third parties (e.g. by using a third party wallet to engage in transactions on public blockchains, your interactions with any third party wallet provider are governed by the applicable terms of service and privacy policy of that wallet provider). **6. COOKIES** You can set your browser to refuse all or some browser cookies, or to alert you when websites set or access cookies. If you disable or refuse cookies, please note that some parts of the Services or Website may become inaccessible or not function properly. For more information about the cookies we use, please review the Cookie Preferences. Please note, a cookie is a small text file that is placed on your hard drive by a web page server. Cookies contain information that can later be read by a web server in the domain that issued the cookie to you. Some of the cookies will only be used if you use certain features or select certain preferences, and some cookies will always be used. You can find out more about each cookie by viewing our current cookie list below. We update this list periodically, so there may be additional cookies that are not yet listed. How we use Cookies We use cookies and other similar identifiers only to compile aggregate data about traffic and Website interaction to offer better user experiences and tools in the future. Types of cookies we use (a) Strictly Necessary Cookies: These cookies are essential for the Interface to function properly and enable basic features such as page navigation and access to secure areas of the Website. For the avoidance of doubt, cookies do not involve the collection of personal information. (b) Analytical/Performance Cookies: These cookies allow us to analyze how you use the Website and Services, which helps us improve its functionality and performance. (c) Functional Cookies: These cookies enable enhanced functionality and personalization of the website. They may remember your preferences, such as the wallet you previously used to connect. **7. DATA SECURITY** While there is an inherent risk in any data being shared over the internet, we have put in place appropriate security measures to prevent your personal data from being accidentally lost, used, damaged, or accessed in an unauthorized or unlawful way, altered, or disclosed. While our smart contracts are audited, you are solely responsible for the security of your digital assets and the wallet you use to interact with our services. Securing your private keys and/or seed phrase is your responsibility. Bima Protocol developers will never ask you for this information. The security of your on-chain transactions is guaranteed by the respective blockchain's cryptography. Your interaction with the Bima Protocol requires you to grant specific permissions from your wallet to our smart contracts (e.g., 'approve' functions). It is your responsibility to verify that you are interacting with the authentic Bima Protocol smart contracts and to understand the permissions you are granting before signing any transaction. Depending on the nature of the risks presented by the proposed processing of your personal data, we will have in place the following appropriate security measures: (a) Technical measures (including but not limited to physical protection of data, pseudonymization and encryption); and (b) Securing ongoing availability, integrity, and accessibility (including but not limited to ensuring appropriate back-ups of data are held). We have put in place procedures to deal with any suspected personal data breach and will notify you and any relevant regulator of a breach where we are legally required to do so. **8. DATA RETENTION** To determine the appropriate retention period of your data, we consider the amount, nature and sensitivity of the data, the potential risk of harm from unauthorized use or disclosure of your personal data, a he purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements. Here are some exemplary factors which we usually consider when determining how long we need to retain your personal data: (a) in the event of a complaint; (b) if we reasonably believe there is a prospect of litigation in respect to our relationship with you or if we consider that we need to keep information to defend possible future legal claims (e.g. email addresses and content, chats, letters will be kept up to 10 years following the end of our relationship, depending on the limitation period applicable in your country); (c) to comply with any applicable legal and/or regulatory requirements with respect to certain types of personal data; (d) in accordance with relevant industry standards or guidelines; (e) in accordance with our legitimate business need to prevent abuse of the promotions that we launch. We will retain a customer’s personal data for the time of the promotion and for a certain period after its end to prevent the appearance of abusive behavior. **9. DATA SUBJECTS IN THE EUROPEAN ECONOMIC AREA (EEA) AND THE UNITED KINGDOM** **Data Controller** The General Data Protection Regulations in the European Economic Area and General Data Protection Regulations in the United Kingdom (collectively, "GDPR") distinguish between organizations that process personal data for their own purposes ("Controller") and organizations that process personal data on behalf of other organizations ("Processor"). For the purposes of the GDPR and this Privacy Policy, we collect data from you as a Controller. The Controller of your data is the entity that determines the “means” and the “purposes” of any processing activities that it carries out. **Lawful Basis** The GDPR requires a "lawful basis" for processing personal data. In other words, we have to ensure that we have a lawful basis for such use. Most commonly, we will use your personal data in the following circumstances: (a) Consent: You have given consent to the processing of your personal data for one or more specific purposes, either to us or to our service providers or partners; (b) Performance of Contract: means processing your data where it is necessary for the performance of a contract to which you are a party or to take steps at your request before entering into such a contract; we use this basis for provision of our Services; (c) Legitimate Interests: means our interests (or those of a third party), where we make sure we use this basis as far as your interests and individual rights do not override those interests. Where applicable, we will transfer your personal data to third parties subject to appropriate or suitable safeguards, such as standard contractual clauses.; (d) Compliance with a legal obligation: Processing your personal data is necessary for compliance with a legal obligation. **Purposes for which we use your personal data** We have set out below, in a table format, a description of all the ways we plan to use your personal data, and which of the legal bases we rely on to do so. We have also identified what our legitimate interests are where appropriate. Note that we may process your personal data for more than one lawful ground depending on the specific purpose for which we are using your data: | Purpose | Legal Basis | | ------------------------------------------------------ | ------------------------------------------------------------------------------------------------ | | Operating and managing the Services |

Performance of Contract

Legitimate Interests

Consent

| | Provision of Services to you |

Performance of Contract

Legitimate Interests

Consent

| | To communicate with you |

Performance of Contract

Legitimate Interests

| | Improving the Services |

Legitimate interests

Consent

| | Security and compliance with laws |

Compliance with Legal Obligation

Legitimate interests

Performance of Contract

| | Other purposes for which we have obtained your consent | Consent | \ We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. **Your Rights** If you are a user in the European Economic Area or the United Kingdom, you have certain rights under the GDPR. These rights include the right to: (a) request access and obtain a copy of your personal data; (b) request rectification or erasure of your personal data; (c) object to or restrict the processing of your personal data; (d) request portability of your personal data. Additionally, if we have collected and processed your personal data with your consent, you have the right to withdraw your consent at any time. **It is critical to understand that data rights such as the 'right to erasure' do not apply to data recorded on a blockchain.** Notwithstanding the foregoing, we cannot edit or delete information that is stored on a particular blockchain. This information may include transaction data (i.e., purchases, sales, and transfers) related to your blockchain wallet address and any items held therein. To exercise any of these rights, please contact us via our email . We will respond to your request within thirty (30) days. We may require specific information from you to help us confirm your identity and process your request. Please note that we retain information as necessary to fulfill the purpose for which it was collected and may continue to retain and use information even after a data subject request in accordance with our legitimate interests, including as necessary to comply with our legal obligations, resolve disputes, prevent fraud, and enforce our agreements. You also reserve the right to lodge a complaint with the data protection regulator in your jurisdiction. **10. PROTOCOL REWARDS AND ELIGIBILITY** Your eligibility for and receipt of protocol-generated rewards are determined entirely by on-chain activity. For example, rewards earned from staking in the Stability Pool are calculated by our smart contracts based on the data associated with your public wallet address. From time to time, we may also offer retroactive rewards or airdrops to our community. Eligibility for such events would be based on a snapshot of historical on-chain user activity, such as your past interactions with our lending features, Vaults, or governance mechanisms. **11. CHANGES TO THIS PRIVACY POLICY** We reserve the right to amend and reissue this Privacy Policy from time to time at our sole and absolute discretion. We will endeavor to notify you as soon as reasonably possible regarding any amendments to this Privacy Policy or post a notification regarding the same on our Website. In this regard, you shall ensure that you take reasonable steps to keep yourself updated on the relevant changes to this Privacy Policy by checking our Website. Any changes made to this Privacy Policy will be effective immediately upon our posting of the revised Privacy Policy. Accordingly and for the avoidance of doubt, your continued use of the Services shall be indicative of your consent to the revised Privacy Policy then posted and prevailing. # Terms of Use Effective Date: 12 December 2024 #### 1. AGREEMENT TO TERMS These Terms of Use constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”) and BIMA PROTOCOL LIMITED (“we,” “us,” or “our”), concerning your access to and use of the [https://Bima.money](https://bima.money) website as well as any other media form, media channel, mobile website or mobile application related, linked, or otherwise connected thereto (collectively, the “Site” and the “Services”). The Bima Protocol is a decentralized financial protocol consisting of autonomous smart contracts on various public blockchains. The Site provides an interface to access and interact with the protocol. BY USING THE SITE OR THE SERVICES, YOU AGREE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY ALL OF THESE TERMS OF USE. IF YOU DO NOT AGREE WITH ALL OF THESE TERMS OF USE, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SITE AND THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY. #### 2. THE BIMA PROTOCOL SERVICES The Services are provided on an "as is" and "as available" basis. The Bima Protocol itself is a set of autonomous, non-custodial smart contracts. Our Site provides one of many ways to access and interact with these on-chain contracts. The core Services of the Bima Protocol include, but are not limited to: (a) Creating Collateralized Positions: You may open an individual borrowing position by depositing approved digital assets as collateral into the protocol's smart contracts. (b) Minting $USBD: From your collateralized position, you may mint (borrow) the protocol's native stablecoin, $USBD. You are solely responsible for managing your position and maintaining a sufficient collateralization ratio to avoid liquidation. (c) Participating in the Stability Pool: You may deposit your $USBD into the Stability Pool to help secure the protocol by providing liquidity for liquidation events. In exchange, you may earn rewards from liquidated collateral. (d) Using Yield Vaults: You may deposit assets into various "Vaults," each of which is a smart contract that employs a specific, automated on-chain strategy designed to generate yield. Each Vault strategy carries its own unique risks. You acknowledge that all transactions using the Services are executed on-chain, are irreversible, and are publicly visible. We do not control the on-chain protocol and cannot reverse, modify, or refund any transactions. #### 3. INTELLECTUAL PROPERTY RIGHTS Unless otherwise indicated, the Site and the Services are our proprietary property and all source code, databases, functionality, software, website designs, audio, video, text, photographs, and graphics on the Site (collectively, the “Content”) and the trademarks, service marks, and logos contained therein (the “Marks”) are owned or controlled by us or licensed to us, and are protected by copyright and trademark laws. You are granted a limited license to access and use the Site for your personal, non-commercial use only. You may not copy, reproduce, aggregate, republish, upload, post, publicly display, encode, translate, transmit, distribute, sell, license, or otherwise exploit any part of the Site, Content, or Marks for any commercial purpose whatsoever, without our express prior written permission. #### 4. USER REPRESENTATIONS AND RESPONSIBILITIES By using the Services, you represent and warrant that: (a) You are of legal age to form a binding contract and are not barred from using the Services under any applicable law. (b) You will not access the Services through automated or non-human means, whether through a bot, script or otherwise, except as may be permitted by any API we provide. (c) You are not located in, or a national or resident of, any jurisdiction subject to comprehensive U.S. sanctions or other applicable sanctions list (including but not limited to Cuba, Iran, North Korea, Syria, or the Crimea, Donetsk, or Luhansk regions of Ukraine). (d) Your use of the Services will not violate any applicable law or regulation. (e) You are solely responsible for the security of the self-custodial wallet you use to interact with the Services. You understand that losing access to your private keys means you will permanently lose access to your digital assets, and we cannot recover them for you. (f) You are responsible for all decisions you make, including monitoring your collateralized positions to avoid liquidation and understanding the specific risks of any Vault or Stability Pool participation.
#### 5. PROHIBITED ACTIVITIES You may not access or use the Services for any purpose other than that for which we make the Services available. The Services may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us. As a user of the Services, you agree not to: (a) Systematically retrieve data or other content from the Site to create or compile, directly or indirectly, a collection, compilation, database, or directory without written permission from us. (b) Use the Services for any illegal or unauthorized purpose, including money laundering, terrorist financing, or violating sanctions. (c) Engage in any automated use of the system, such as using scripts to send comments or messages, or using any data mining, robots, or similar data gathering and extraction tools. (d) Interfere with, disrupt, or create an undue burden on the Site or the networks or services connected to the Site. (e) Attempt to impersonate another user or person or use the username of another user. (f) Use any information obtained from the Site in order to harass, abuse, or harm another person. (g) Engage in any activity which attempts to manipulate or exploit the economic model of the Bima Protocol. This includes, but is not limited to, oracle manipulation, wash trading to generate artificial volume or rewards, engaging in flash loan attacks, or performing Sybil attacks to gain disproportionate rewards or governance influence. (h) Introduce any viruses, trojan horses, worms, or other material which is malicious or technologically harmful to the Site or the underlying protocol smart contracts.
#### 6. THIRD-PARTY WEBSITES AND CONTENT The Site may contain links to other websites ("Third-Party Websites") as well as articles, photographs, text, graphics, pictures, designs, music, sound, video, information, applications, software, and other content or items belonging to or originating from third parties ("Third-Party Content"). Such Third-Party Websites and Third-Party Content are not investigated, monitored, or checked for accuracy, appropriateness, or completeness by us, and we are not responsible for any Third-Party Websites accessed through the Site or any Third-Party Content posted on, available through, or installed from the Site. #### 7. PRIVACY POLICY We care about data privacy and security. Your use of the Services is also subject to our Privacy Policy, which is incorporated into these Terms of Use by this reference. Please review the Privacy Policy to understand our practices. #### 8. TERM AND TERMINATION These Terms of Use shall remain in full force and effect while you use the Services. WITHOUT LIMITING ANY OTHER PROVISION OF THESE TERMS OF USE, WE RESERVE THE RIGHT TO, IN OUR SOLE DISCRETION AND WITHOUT NOTICE OR LIABILITY, DENY ACCESS TO AND USE OF THE SERVICES (INCLUDING BLOCKING CERTAIN IP ADDRESSES OR WALLET ADDRESSES), TO ANY PERSON FOR ANY REASON OR FOR NO REASON, INCLUDING WITHOUT LIMITATION FOR BREACH OF ANY REPRESENTATION, WARRANTY, OR COVENANT CONTAINED IN THESE TERMS OF USE OR OF ANY APPLICABLE LAW OR REGULATION. #### 9. GOVERNING LAW AND DISPUTE RESOLUTION These Terms of Use and your use of the Services are governed by and construed in accordance with the laws of the British Virgin Islands, without regard to its conflict of law principles. Binding Arbitration: Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in the British Virgin Islands in accordance with the rules of the International Chamber of Commerce (ICC). You agree that arbitration is your sole remedy for disputes. Class Action Waiver: All disputes must be resolved on an individual basis. You irrevocably waive any right to bring or participate in any class action, collective action, or representative action against us or our affiliates.
#### 10. DISCLAIMERS AND ASSUMPTION OF RISK THE SERVICES ARE PROVIDED ON AN AS-IS AND AS-AVAILABLE BASIS. YOU AGREE THAT YOUR USE OF THE SERVICES WILL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE SERVICES AND YOUR USE THEREOF, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE MAKE NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE SITE’S CONTENT OR THE CONTENT OF ANY WEBSITES LINKED TO THE SITE AND WE WILL ASSUME NO LIABILITY OR RESPONSIBILITY FOR ANY (1) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT AND MATERIALS, (2) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF THE SERVICES, OR (3) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH THE SITE BY ANY THIRD PARTY. You expressly acknowledge, accept, and assume the following risks: (a) Risk of Smart Contract Vulnerability: The Bima Protocol's smart contracts are the core of the Services. While we may procure third-party audits, smart contracts can have undiscovered vulnerabilities, bugs, or exploits. An exploit could result in the total and irreversible loss of your digital assets. (b) Risk of Liquidation: This is a core mechanic of the protocol. If the value of your collateral drops below the required threshold, your position will be automatically liquidated by the smart contracts. This process is immediate, irreversible, and may result in the complete loss of your collateral. You are solely responsible for monitoring your position's health. (c) $USBD Peg Stability Risk: $USBD is a decentralized stablecoin aiming for a $1.00 value. Its stability is not guaranteed and depends on complex economic incentives and algorithms. Severe market volatility, a sharp decline in collateral values, or protocol exploits could cause $USBD to lose its peg, and its value could fall significantly below $1.00. (d) Oracle Risk: The protocol relies on third-party oracle services to provide price data for collateral assets. If these oracles provide inaccurate, delayed, or manipulated data, it can cause wrongful liquidations or fail to liquidate positions when needed, posing a systemic risk to the protocol and your funds. (e) Stability Pool and Vault Risks: When participating in the Stability Pool or Vaults, your assets are subject to the specific risks of those smart contracts. In the Stability Pool, your deposited $USBD is used to absorb bad debt, and the collateral you receive in return may have declined in value. In Vaults, your funds are subject to the success and risks of the underlying automated strategy, which could result in losses. (f) Multi-Chain and Bridge Risk: The Bima Protocol may operate on multiple blockchains. Moving assets between these chains requires using third-party bridges, which are a primary target for hackers. A bridge exploit could lead to the total loss of any assets you are transferring. (g) Regulatory Risk: The legal and regulatory landscape for decentralized finance is uncertain. Changes in laws or regulations could materially and adversely affect the Services, the value of $USBD, and your ability to use the protocol. (h) No Fiduciary Duty: We do not owe you any fiduciary duties. Our relationship is governed solely by these Terms. Our interests may differ from yours, and we have no obligation to act in your best interests.
#### 11. LIMITATION OF LIABILITY IN NO EVENT WILL WE OR OUR DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA, OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SERVICES, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO US. #### 12. NATURE OF BLOCKCHAIN; ASSUMPTION OF RISK; WAIVER OF CLAIMS Blockchains, crypto-assets and their related technologies and functionalities are still emerging innovations that carry a relatively high amount of foreseeable and unforeseeable risk from security, financial, technical, political, social, and personal safety standpoints. The mere access to and interaction with blockchains requires high degrees of skill and knowledge to operate with a relative degree of safety and proficiency. Crypto-assets are highly volatile in nature due to many diverse factors, including without limitation use and adoption, speculation, manipulation, technology, security, and legal and regulatory developments and application. Further, the speed and cost of transacting with cryptographic technologies, such as blockchains like those underlying the Website, is variable and highly volatile. Moreover, the transparent nature of many blockchains means that any interactions the User has with any blockchain may be publicly visible and readable in human form. By accessing and using the Website or the Services, the User acknowledges the foregoing, and agrees and represents that it understands such and other risks involved with blockchains, DeFi and related technologies (including without limitation any specific technical language used in this Agreement). The User further represents that it has all knowledge sufficient to work, and is informed of all foreseeable risks, and the possibility of unforeseeable risks, associated with blockchains, crypto-assets, Web3 Utilities, smart contracts, the Interface, APIs, and the Services. The User further acknowledges, and assumes all risk related to the possibility, that any information presented via the Website, Interface, or Services may be inaccurate, possibly due to another party’s malicious activities and possibly to the User’s severe harm or detriment. The User agrees that we are not responsible for any of these or related risks, do not own or control any blockchain itself, cannot guarantee the safe or accurate functioning of the Services, and shall not be held liable for any resulting harms, damages, or losses incurred by or against the User experiences while accessing or using the Website or the Services. Accordingly, the User acknowledges the foregoing, represents its understanding of the foregoing, and agrees to assume full responsibility for all of the risks of accessing and using the Website and interacting with the Services, whether mentioned in this Section or otherwise. The User further expressly waives and releases us from any and all liability, claims, causes of action, or damages arising from or in any way relating to the User’s use of the Website and the User’s interaction with the Services. If the User is a California resident, the User expressly and explicitly waives the benefits and protections of California Civil Code § 1542, which states: “\[a] general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.” #### 13. ADDITIONAL DISCLAIMER The User is responsible for its use of the Services, the functionalities they enable, transactions engaged through the Website (if any), and the use of the information derived thereof. The User is solely responsible for complying with all Applicable Laws related to its transactions and activities that directly or indirectly incorporate our provision of the Services, including, but not limited to, the Commodity Exchange Act and its regulations as overseen by the U.S. Commodity Futures Trading Commission (“CFTC”), and the federal securities laws and its regulations overseen by the U.S. Securities and Exchange Commission (“SEC”). The User acknowledges its understanding that the Company is not registered nor licensed with, nor have our Website or Services (or the software contained therein) been reviewed by the CFTC, SEC, or any other financial or banking regulator. #### 14. NO PROFESSIONAL ADVICE All information or content provided or displayed by the Website (including, without limitation, on the Interface) is for informational purposes only and should not be construed as professional advice (including, without limitation, tax, legal, or financial advice). The User should not take, or refrain from taking, any action based on any information or content displayed or provided on the Website, on the Interface, or through the Services. The User should seek independent professional advice from an individual licensed and qualified in the area appropriate for such before the User makes any financial, legal, or other decisions where such is considered prudent. The User acknowledges and agrees that, to the fullest extent permissible by law, it has not relied on the Company, the content on the Website, the Interface, or the Services for any professional advice related to its financial or legal behaviors. #### 15. NO FIDUCIARY DUTIES These Terms of Use, and the provision of the Website and the Services, are not intended to create any fiduciary duties between us and the User or any third party. The Company never takes possession, custody, control, ownership, or management of any crypto-assets or other property you may transmit using the Interface. To the fullest extent permissible by law, the User agrees that neither the User’s use of the Website or of the Services causes us or any Participant to owe fiduciary duties or liabilities to the User or any third party. Further, the User acknowledges and agrees to the fullest extent such duties or liabilities are afforded by law or by equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated, and that we and any other Participant shall be held completely harmless in relation thereof. The User further agrees that the only duties and obligations that we or any Participant owes the User, and the only rights the User has related to this Agreement or the User’s use of the Website or the Services, are those set out expressly in this Agreement or that cannot be waived by law. #### 16. NO INSURANCE Your crypto accounts are not checking or savings accounts, and we do not provide any kind of insurance to you against any type of loss, including (without limitation) losses due to decrease in value of assets, assets lost due to a cybersecurity failure, or from your or other individuals’ errors or malfeasance. In most jurisdictions crypto-assets are not legal tender, and most crypto-assets are not backed by any government. Your crypto-asset balances are not covered by Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”) protections. #### 17. INDEMNIFICATION The User agrees to defend, indemnify, and hold harmless the Company, its affiliates, licensors, and service providers, and its and their respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) arising out of or relating to: (1) the User’s violation of these Terms of Use; (2) the User’s use of the Website or the Services, Including, but not limited to, the User’s interactions with the Interface or other features which incorporate the Services, use of or reliance on the Website’s content, services, and products other than as expressly authorized in these Terms of Use; (3) the User’s use or reliance on of any information obtained from the Website; or (4) any other party’s access and use of the Website or Services with the User’s assistance or by using any device or account that the User owns or controls. #### 18. LIMITATION ON TIME TO FILE CLAIMS ANY CAUSE OF ACTION OR CLAIM THE USER MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OF USE OR ITS USE OF THE WEBSITE MUST BE COMMENCED WITHIN SIX (6) MONTHS AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED. #### 19. MISCELLANEOUS These Terms of Use and any policies or operating rules posted by us on the Site or in respect to the Services constitute the entire agreement and understanding between you and us. Our failure to exercise or enforce any right or provision of these Terms of Use shall not operate as a waiver of such right or provision. These Terms of Use operate to the fullest extent permissible by law. We may assign any or all of our rights and obligations to others at any time. If any provision or part of a provision of these Terms of Use is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Terms of Use and does not affect the validity and enforceability of any remaining provisions. No waiver by the Company of any term or condition set out in these Terms of Use shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of the Company to assert a right or provision under these Terms of Use shall not constitute a waiver of such right or provision. The Terms of Use, the Privacy Policy, and any other document incorporated by reference herein constitute the sole and entire agreement between the User and the Company regarding the Website and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, regarding the Website. #### 20. CONTACT US In order to resolve a complaint regarding the Services or to receive further information regarding use of the Services, please contact us at