🚨 sBTC/BSD trading pool is live on @bitflow Very excited to announce our first trading pool. Bitflow will give BSD more liquidity, tighter peg behavior, and better tools for borrowers. Bitflow already has the deepest sBTC liquidity on Stacks, making them an ideal partner for BSD. Let’s dive into the key benefits from this pool: 💵 Peg maintenance via arbitrage BSD/sBTC liquidity helps arbitrageurs maintain the BSD peg. – If BSD < $1 → buy BSD on Bitflow, redeem for $1 of sBTC via BSD vaults. – If BSD > $1 → mint BSD against sBTC, sell into the pool. This is a proven mechanism that allowed Liquity to maintain their peg for the last four years. 🔄 Looping and leverage With the Bitflow pool, borrowers can loop BSD: Borrow → Swap to sBTC → Add collateral to vault → Borrow more. This is not paper leverage, the actual sBTC backing your loan, and earning dual-stacking yield, increases each loop. Looping does add risk: you would need liquidity to unwind and a more aggressive collateral ratio. DYOR; this is not recommended for conservative borrowers. ⚖️ Swap into other Stacks assets BSD already offers the cheapest Bitcoin-backed loan in existence. Now you can multi-hop into any Bitflow-routable SIP-10 asset and put those borrowed dollars to work—for example: BSD → sBTC → STX to earn Stacking yield. ↗️ Exit to exchanges or fiat Need dollars off-chain without selling BTC? You can borrow BSD, swap back to sBTC, and then exit to any exchange and from there to dollars. More routes should become available as Stacks upgrades USDC and liquidity increases. Huge thanks to the Bitflow team! Trade sBTC/BSD at app.bitflow.finance/

The Bitcoin Synthetic Dollar (BSD or “Based Dollar”) is live on Stacks. Our private beta starts today. BSD is a digital dollar built on Stacks and collateralized with sBTC. With BSD, you lock your Bitcoin as collateral and borrow digital dollars. Lock BTC, borrow USD—hold forever, spend today, never sell a satoshi. Why Bitcoin lending? Over a year ago, we declared “Bitcoin will not become money; it will become the best and last collateral on earth.” Our thesis has been largely validated by ETF inflows, institutional adoption, and a proliferation of Bitcoin L2s and lending products. All of these developments point away from Bitcoin as digital cash and toward Bitcoin as collateral. Bitcoin lending is the obvious product aligned with this future. How does BSD work? The protocol uses an over-collateralized lending model—similar to Maker, Liquity, and historic gold-backed currencies. We’ve taken hard-earned mechanism design knowledge from those protocols and brought it to Stacks and sBTC. This design gives Bitcoin holders superpowers: • Keep Your Stack – Borrow dollars, retain full BTC upside. • Flexible Credit Line – Borrow/repay anytime, no fixed terms, no rollover fees. • Low APYs – BSD has no fiat funding cost → structurally lower rates than any centralized loan. • User-Set Rates – Dial your own interest rate; trade cost vs. redemption risk. • Decentralization – Collateral locked in Stacks contracts. No custodians, rehypothecation, or counterparties. What is live today? BSD is in private beta on Stacks mainnet. Approved Stacks principals can use the full protocol; however, there is a global collateral cap during the beta. For beta access, DM @bsdmoney. Learn more at: bsd.money What is next? • Rebates! We’re launching a rebate program where BSD holders that provide liquidity will have all their borrowing fees rebated. We plan for this to include all protocol fees, but only rebate LPs—the net effect should be zero, or slightly negative, interest rates. • AI copilot: We’re putting the finishing touches on an advanced AI copilot that can answer any question about the protocol, has full read access to protocol state, and can monitor your vaults and help you make critical decisions on collateral ratio and interest rates. • Security: We’re going to conduct additional audits and bug bounties during the beta. • Partnerships: Dual stacking, liquidity pools, and more TBA. More updates soon! Hold forever. Spend dollars. Become a legend.