Beraborrow
  • Overview 🌄
    • What is Beraborrow?
    • How to use Beraborrow?
    • Key features
    • Leverage in Beraborrow
  • Vaults
  • Managed Vaults
  • Auto Compounding Vaults
  • Borrowing 🤝
    • Dens
    • Understanding Collateral
      • Collateral Screening and Parameter Methodology
      • iBGT as collatoral
      • Kodiak Islands as Collateral
      • iBERA as collateral
      • bHONEY
      • ETH and BTC based Derivatives
    • Fees for Borrowers
    • Collateral Ratio and Liquidation
    • Recovery Mode
    • Flash Loans
  • Pricing Assets
  • NECT (Stablecoin) 🍯
    • What is Nectar ($NECT)?
    • Liquid Stability Pool (LSP)
    • Redemptions
      • $NECT Peg
    • sNECT Arbitrage Opportunities
  • POLLEN 🐝
    • What is POLLEN?
    • Pollen Emissions
    • Why hold POLLEN?
    • aPOLLEN
    • cPOLLEN
    • vePOLLEN
  • Boyco POLLEN Claim
  • Proof of Liquidity 🌊
    • Importance of Proof of Liquidity
  • AUDITS 🔒
    • Audits
  • Additional Resources 🔧
    • Contract Addresses
    • Brand Assets
    • Glossary
    • Official Links
  • 👥User Guides
    • Den Management
      • How to Open a Den
      • How to Close a Den
    • Liquid Stability Pool Management
      • Deposit NECT into the liquid stability pool.
      • Withdraw NECT from the liquid stability pool.
  • Strategies
    • Euler NECT/USDe Stablecoin Looping
    • Beraborrow Structured Products
    • Yield Looping
Powered by GitBook
On this page
  • BTC Based derivatives
  • ETH Based Derivatives
  1. Borrowing 🤝
  2. Understanding Collateral

ETH and BTC based Derivatives

Below, we give a short description and overview of each derivative asset. We will be using Redstone as our primary oracle provider for these feeds.

BTC Based derivatives

PumpBTC

  • Roughly 8% market share of the Bitcoin LRT market

  • Over $370mil in TVL (at the time of writing)

  • Over $19mil worth of liquidity in Uniswap V3

  • Based on (re) staking the following assets: FBTC + WBTC

EBTC

  • Over $600mil in TVL (at time of writing)

  • $7.2mil worth of liquidity on Curve

  • Roughly 22% market share of the Bitcoin LRT market

SolvBTC

  • Offers two different Bitcoin backed LSD’s, and beraborrow will accept the following as collateral assets:

    • 1:1 Backed -> SolvBTC

    • Yield bearing -> SolvBTC.BBN

  • Consists of around 20% of the Bitcoin LRT market share

  • Offer a fully transparent proof of reserve system -> showing that, in real time, each asset is fully backed 1:1 by BTC

UniBTC

  • Offers a restaked Bitcoin derivative, via staking on Babylon

  • Offer a proof of reserves solution via Chainlink

  • Just over $400mil in TVL (at time of writing)

  • Have $85mil worth of liquidity on Ethereum’s Taiko DEX (at time of writing)

SBTC

  • Offers a simple 1:1 backed Bitcoin derivative, no underlying yield to keep track of

  • Accepts cbBTC, fBTC, bBTC as collateral for their derivative asset

  • Working with eOracle as their oracle provider

  • Raised over $20mil

  • Just over $17mil worth of TVL (at time of writing)

LBTC

  • Lombard have over $1billion in TVL (at time of writing)

  • Underlying derivative is backed by vanilla Bitcoin, which is staked with Babylon to earn yield

  • Utilise Redstone as their proof of reserves solution

  • $40mil worth of liquidity is present on their Uniswap V3 LBTC/WBTC pair

  • Consists of over 25% market share of the current BTC LRT market (at time of writing)

ETH Based Derivatives

BeraETH (Bridged pxETH)

  • ETH staking derivative by Redacted Cartel

  • Has roughly $17mil worth of liquidity sitting in a Curve pool (pxETH-WETH pair)

  • Use Redstone as their oracle provider

StoneETH

  • Offer a yield bearing ETH derivative that is yield bearing based on a number of different strategies

CianETH

  • Accepts wsETH, stETH and wETH as the underlying backing for its derivative receipt token

  • Underlying yield is derived from a number of different sources, such as Eigenlayer AVS yield and Renzo points

PreviousbHONEYNextFees for Borrowers

Last updated 4 months ago