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Circuit - stablecoin protocol on Chia
Borrow Bytecash (BYC) stablecoins on Chia by locking up collateral with Circuit, a permissionless DeFi protocol aiming for a 1:1 USD peg.
Borrow stablecoins with Chia collateral
Circuit is a decentralized finance (DeFi) platform that lets you borrow Bytecash (BYC) stablecoins by locking up collateral on the Chia blockchain. The protocol is permissionless, meaning anyone can participate without restrictions or approvals.
You can use Circuit to access stable digital dollars (BYC), pegged 1:1 to the US Dollar, by securing your assets in a smart coin. This approach is designed for crypto users who want to leverage their holdings or access liquidity without selling their coins.
If you’re interested in stablecoins, DeFi, or the Chia ecosystem, Circuit provides a straightforward way to interact with smart contracts and manage your digital assets in a decentralized, user-driven environment.
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