Bima Meets Bitcoin via Portal

Empowering Bitcoin DeFi: Bima Labs and Portal Unlock Seamless Cross-Chain Trading for Bitcoin Holders

Igniting the Future of Bitcoin DeFi: Bima Labs and Portal to Bitcoin Unite

At Bima Labs, we're on a mission to unlock the full potential of Bitcoin within decentralized finance (DeFi). That's why we've partnered with Portal to Bitcoin in a groundbreaking collaboration that strengthens Bitcoin's role in the DeFi landscape. Together, we’re setting a new standard for security, accessibility, and user control, all within a self-custody framework designed to protect and empower users.

Revolutionary Integrations for a Seamless Bitcoin DeFi Experience

Our partnership with Portal to Bitcoin is centered around two transformative integrations aimed at expanding the utility of Bitcoin-backed assets across DeFi networks.

$USBD Now Available for Seamless Cross-Chain Trading on Portal DEX

Bima Labs’ Bitcoin-backed stablecoin, $USBD, will be seamlessly integrated into Portal’s decentralized exchange (DEX). This integration allows $USBD to be one-click, cross-chain tradeable with native Bitcoin Layer 1 (L1) and Layer 2 (L2) assets, along with other leading L1 and L2 blockchain assets. Powered by Portal’s advanced atomic swap technology, we’ve eliminated the need for traditional bridges or wrappers, significantly enhancing both security and user experience. This integration not only opens new trading opportunities for $USBD but also strengthens the stability and liquidity of digital assets across multiple blockchain ecosystems.

Portal’s Swaps SDK Embedded into Bima’s Ecosystem

In return, we are integrating Portal’s Swaps SDK into the Bima Labs ecosystem, including our wallets and decentralized exchanges (DEXs). This collaboration provides direct access to native assets, users, and liquidity from the Portal DEX Network, all within an app that ensures security and self-custody. By embedding Portal’s cutting-edge cross-chain technology, we’re enabling our users to experience unparalleled flexibility and safety when engaging with a diverse range of digital assets.

A Shared Vision for the Future of Bitcoin DeFi

This partnership goes beyond technology; it reflects a unified vision for the future of Bitcoin in decentralized finance. Together with Portal to Bitcoin, we are dedicated to creating a more interconnected, secure, and user-driven DeFi ecosystem. We believe Bitcoin is the foundation upon which a decentralized financial future will be built, and we are proud to lead the way.

About Bima Labs

At Bima Labs, we are pioneering the development of Bitcoin-native financial infrastructure. Our Bitcoin-backed stablecoin, $USBD, bridges the stability of traditional finance with the security and decentralization of Bitcoin. Supported by leading investors and rapidly growing in prominence, Bima Labs is also launching its governance token, BIMA, solidifying our position in the DeFi space. Learn more at Bima Labs.

About Portal to Bitcoin

Portal to Bitcoin is the leading custody-less interoperability protocol for Bitcoin, allowing fast and low-cost atomic swaps between native Bitcoin assets and other L1 and L2 networks. Portal eliminates the need for bridges or wrappers, ensuring user funds are always secure. Backed by prominent investors like Coinbase Ventures, OKX Ventures, and Arrington Capital, Portal is driving innovation and expanding Bitcoin’s role in global finance. Learn more at Portal to Bitcoin.

Subscribe to Sid Sridhar
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.