"The protocol, which has already secured $100 million in lending commitments, combines decentralized Multi-Party Computation (MPC) network technology with immutable smart contracts to ensure user collateral remains secure and free from unauthorized intervention. This launch marks a departure from traditional centralized lending platforms and wrapped token solutions that have dominated Bitcoin lending."
""The Institutions have arrived and they're hoovering up BTC using centralized custody of companies like Coinbase," notes Royal F00l, Templar Protocol's pseudonymous founder. "With Templar, you send your BTC to an immutable smart contract, running on a p2p network, which then sends you stablecoins.""
""Bitcoin was created to replace banks, not to be a novel toy asset for Wall Street to financialize and control," adds Royal F00l. " Templar restores Bitcoin to its proper place as a permissionless, censorship resistant asset in the context of borrowing and lending.""
Templar Protocol launched its mainnet to introduce Cypher Lending, enabling users to borrow U.S. dollar stablecoins against native Bitcoin without intermediaries. The protocol secured $100 million in lending commitments at launch. It uses a decentralized Multi-Party Computation (MPC) network to secure Bitcoin deposits while immutable smart contracts manage collateralization and repayments. The design enables permissionless access without KYC, open-source architecture with no administrative backdoors, and privacy-first features. Native assets across Bitcoin and other chains are supported. The approach removes reliance on centralized custodians and wrapped token solutions while aiming to preserve censorship resistance and user control.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]