{"id":1277,"date":"2025-05-28T19:20:48","date_gmt":"2025-05-28T19:20:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bima-and-exsat-partner-to-expand-btc-backed-defi\/"},"modified":"2025-05-28T19:20:48","modified_gmt":"2025-05-28T19:20:48","slug":"bima-and-exsat-partner-to-expand-btc-backed-defi","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bima-and-exsat-partner-to-expand-btc-backed-defi\/","title":{"rendered":"BIMA and exSat partner to expand BTC-backed DeFi"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based DeFi.<\/p>\n<p>The two platforms announced their strategic partnership on May 28, 2025 amid the high-profile Bitcoin (BTC) conference in Las Vegas, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bima.money\/\" target=\"_blank\">BIMA<\/a> and exSat\u2019s quest to bolster Bitcoin\u2019s decentralized finance ecosystem begins with an initial deployment of $100 million in BTC. <\/p>\n<p>Growth will see the platforms scale this deployment from 1,000 BTC to over 5,000 BTC worth $500 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BTC-backed stability, now in Vegas \u26a1 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/9XBRiNydbV\" target=\"_blank\">pic.twitter.com\/9XBRiNydbV<\/a><\/p>\n<p>\u2014 BIMA (@BimaBTC) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BimaBTC\/status\/1927703904722055440?ref_src=twsrc%5Etfw\" target=\"_blank\">May 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The partnership follows BIMA\u2019s recent mainnet launch, during which it introduced USBD, a Bitcoin derivative-backed and over-collateralized stablecoin. USBD is designed for capital efficiency, enabling users to engage in yield strategies while retaining exposure to BTC\u2019s upside.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>BIMA aims to deliver the benefits of DeFi to Bitcoin holders, offering institutional-grade access to yield\u2014without requiring users to sell their BTC. Both decentralized and centralized finance participants can leverage USBD\u2019s structure to unlock on-chain yield and stability.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis partnership with exSat marks a major step towards mobilizing Bitcoin as a productive asset in DeFi,\u201d said Sid Sridhar, founder and chief executive officer of Bima. \u201cexSat, a Bitcoin banking service provider, is building the financial rails for a programmable Bitcoin economy \u2013 one where holders can earn, stake, and participate in on-chain yield strategies without ever leaving the Bitcoin standard. Bima provides the infrastructure to help realize that vision, enabling capital-efficient, secure deployment of USBD across both DeFi and CeFi ecosystems.\u201d<\/p>\n<\/blockquote>\n<p>As part of the collaboration, BIMA becomes the official stablecoin partner of exSat, which will in turn deploy its native assets, including esBTC and iBTC into BIMA vaults and structured products.<\/p>\n<p>exSat founder Yves La Rose, commenting on the partnership and what it means for the ecosystem, noted:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cexSat is laying the groundwork for a sovereign Bitcoin banking layer, and this collaboration with BIMA brings us one step closer. By enabling users to borrow USBD against their Bitcoin and access permissionless yield strategies, we\u2019re expanding Bitcoin\u2019s utility without requiring users to exit their positions.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BIMA, a decentralized finance protocol focused on Bitcoin-backed stablecoins and yield strategies, has partnered with exSat, a Bitcoin banking provider and layer-2 network, to help accelerate the adoption of Bitcoin-based&hellip;<\/p>\n","protected":false},"author":1,"featured_media":282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1277"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1277\/revisions"}],"predecessor-version":[{"id":1278,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1277\/revisions\/1278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/282"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}