Gm sers

We’ve been getting a lot of questions about the relationship between crvUSD and btcUSD, especially since crvUSD also accepts Bitcoin as collateral. This begs the question:

Why does btcUSD exist?

The team appreciates the curiosity and support from the Curve and Defi community. We’re excited for the opportunity to differentiate ourselves from our progenitor, but also demonstrate how we can contribute to Curve’s growth and establish crvUSD’s superiority as a stablecoin.

So without further ado, let’s dive in!

1/ btcUSD offers a more targeted approach for driving Bitcoin-backed TVL to Curve

Despite holding nearly 50% of total liquidity, Bitcoin holders are an underserved market. Curve currently lacks a direct method to attract Bitcoin-backed liquidity. Recognizing this opportunity, Lambda leverages crvUSD as its base mechanism to bridge the gap and effectively target Bitcoin holders. This allows us to demonstrate the efficiency of our mechanism in a niche market and expand the reach of both crvUSD and btcUSD.

Lambda functions as a conduit for Bitcoin-backed TVL to Curve and Defi. As a newer, leaner team with fresh backers, and partners, Lambda can directly target Bitcoin holders to capitalize on the emerging Bitcoin Defi narrative, while providing access to a holistic suite of Defi products in Curve’s ecosystem: yield boosting via Convex, yield trading via Napier, automated liquidity strategies via Conic and much more

Our partnerships with Threshold Network and DLC Link offer a streamlined experience for profit seeking Bitcoin holders to permissionlessly bridge their Bitcoin to Ethereum and utilize its liquidity for on-chain transactions.

Nearly every dollar of Bitcoin deposited into Lambda is minted as a stablecoin for swaps and farming, with liquidity trickling upwards to Curve as the ultimate beneficiary.

Which brings us to our second point.

2/ Lambda will subsidize the cost of Bitcoin-backed liquidity on Curve

Lambda will bribe Curve gauges to attract Bitcoin LP to our stable pools on Curve.

At the protocol level, btcUSD only accepts Bitcoin equivalents as collateral. This design is inherently more attractive to Bitcoin holders who do not want collateral exposure to Ethereum. btcUSD’s borrow rates are not inflated by other collateral assets, enabling more Bitcoin to be collateralized for stables for Curve pools. Every dollar of bribes from Lambda goes directly to incentivizing Bitcoin-backed TVL, which is a more direct and efficient way of incentivizing liquidity

3/ Lambda will explore new use cases for btcUSD, standing on the shoulders crvUSD’s innovation

As a team that operates alongside Curve, we have the freedom to explore new use cases and partnerships. One of our strategic pillars involves partnering with various protocols on different chains, including Bitcoin L2s and ETH L2s. The team is working diligently behind the scenes to bring degens back to Defi with ve(3,3,3,3).

While Curve has the potential to do this, Lambda can move faster and more efficiently because we're not bound by the complexities of a DAO with diverse interests and numerous partners. Our streamlined approach allows us to quickly identify and capitalize on opportunities that benefit both btcUSD and the broader Curve ecosystem. In doing so, we can not only drive TVL to Curve but also demonstrate crvUSD’s superiority as a stablecoin protocol.

Conclusion

btcUSD embodies all the strengths of crvUSD while addressing its limitations and catering specifically to Bitcoin holders. btcUSD allows Lambda to cater to the unique preferences and requirements of Bitcoin holders, offering them a tailored solution that aligns with their specific needs and concerns.

By focusing our efforts on this underserved segment, we aim to unlock a significant portion of Bitcoin liquidity and contribute to the growth and vibrancy of Curve & Defi ecosystem.

Gm sers

We’ve been getting a lot of questions about the relationship between crvUSD and btcUSD, especially since crvUSD also accepts Bitcoin as collateral. This begs the question:

Why does btcUSD exist?

The team appreciates the curiosity and support from the Curve and Defi community. We’re excited for the opportunity to differentiate ourselves from our progenitor, but also demonstrate how we can contribute to Curve’s growth and establish crvUSD’s superiority as a stablecoin.

So without further ado, let’s dive in!

1/ btcUSD offers a more targeted approach for driving Bitcoin-backed TVL to Curve

Despite holding nearly 50% of total liquidity, Bitcoin holders are an underserved market. Curve currently lacks a direct method to attract Bitcoin-backed liquidity. Recognizing this opportunity, Lambda leverages crvUSD as its base mechanism to bridge the gap and effectively target Bitcoin holders. This allows us to demonstrate the efficiency of our mechanism in a niche market and expand the reach of both crvUSD and btcUSD.

Lambda functions as a conduit for Bitcoin-backed TVL to Curve and Defi. As a newer, leaner team with fresh backers, and partners, Lambda can directly target Bitcoin holders to capitalize on the emerging Bitcoin Defi narrative, while providing access to a holistic suite of Defi products in Curve’s ecosystem: yield boosting via Convex, yield trading via Napier, automated liquidity strategies via Conic and much more

Our partnerships with Threshold Network and DLC Link offer a streamlined experience for profit seeking Bitcoin holders to permissionlessly bridge their Bitcoin to Ethereum and utilize its liquidity for on-chain transactions.

Nearly every dollar of Bitcoin deposited into Lambda is minted as a stablecoin for swaps and farming, with liquidity trickling upwards to Curve as the ultimate beneficiary.

Which brings us to our second point.

2/ Lambda will subsidize the cost of Bitcoin-backed liquidity on Curve

Lambda will bribe Curve gauges to attract Bitcoin LP to our stable pools on Curve.

At the protocol level, btcUSD only accepts Bitcoin equivalents as collateral. This design is inherently more attractive to Bitcoin holders who do not want collateral exposure to Ethereum. btcUSD’s borrow rates are not inflated by other collateral assets, enabling more Bitcoin to be collateralized for stables for Curve pools. Every dollar of bribes from Lambda goes directly to incentivizing Bitcoin-backed TVL, which is a more direct and efficient way of incentivizing liquidity

3/ Lambda will explore new use cases for btcUSD, standing on the shoulders crvUSD’s innovation

As a team that operates alongside Curve, we have the freedom to explore new use cases and partnerships. One of our strategic pillars involves partnering with various protocols on different chains, including Bitcoin L2s and ETH L2s. The team is working diligently behind the scenes to bring degens back to Defi with ve(3,3,3,3).

While Curve has the potential to do this, Lambda can move faster and more efficiently because we're not bound by the complexities of a DAO with diverse interests and numerous partners. Our streamlined approach allows us to quickly identify and capitalize on opportunities that benefit both btcUSD and the broader Curve ecosystem. In doing so, we can not only drive TVL to Curve but also demonstrate crvUSD’s superiority as a stablecoin protocol.

Conclusion

btcUSD embodies all the strengths of crvUSD while addressing its limitations and catering specifically to Bitcoin holders. btcUSD allows Lambda to cater to the unique preferences and requirements of Bitcoin holders, offering them a tailored solution that aligns with their specific needs and concerns.

By focusing our efforts on this underserved segment, we aim to unlock a significant portion of Bitcoin liquidity and contribute to the growth and vibrancy of Curve & Defi ecosystem.