BIMA and exSat partner to expand BTC-backed DeFi
Bima, a decentralized funding protocol focused on stablescoins and yield strategies supported by Bitcoin, has teamed up with Exsat, a Bitcoin bank provider and a layer 2 network, to help accelerate the adoption of Bitcoin -based DEFI.
The two platforms announced their strategic partnership on May 28, 2025 in the middle of high -level bitcoin (BTC) Conference in Las Vegas, Bima And the quest for exat to strengthen bitcoins Decentralized finance The ecosystem begins with an initial deployment of $ 100 million in BTC.
Growth will see platforms evolve this deployment of 1,000 BTC to more than 5,000 BTC worth $ 500 million.
The partnership follows the recent launch of BIMA, during which it introduced USBD, a flexibility stable in Bitcoin derivative and over-collateralized. The USBD is designed for the effectiveness of capital, allowing users to engage in yield strategies while retaining exposure to the increase in BTC.
Bima aims to offer the advantages of Bitcoin holders, offering institutional quality access to the yield, without obliging users to sell their BTC. Decentralized and centralized financial participants can take advantage of the USBD structure to unlock the yield and stability on the chain.
“This partnership with Exsat marks a major step towards the mobilization of bitcoin as a productive active in DEFI,” said Sid Sridhar, founder and chief executive officer of Bima. “Exsat, a Bitcoin banking service provider, builds financial rails for a programmable bitcoin economy – one where holders can win, play and participate in chain performance strategies without ever leaving the Bitcoin standard. Bima provides infrastructure to help realize that vision, allowing secure deployment of capital.
As part of the collaboration, Bima becomes official stable Partner of Exsat, which will in turn deploy its native assets, including ESBTC and IBTC in bima vaults and structured products.
The founder of the exsat, Yves La Rose, commenting on the partnership and what it means for the ecosystem, noted:
“Exsat lays the foundations for a Bitcoin banking sovereign layer, and this collaboration with Bima brings us a closer closely.
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