Uncap USD (USDU)

Uncap USD (USDU) is a Bitcoin-centric borrowing protocol designed to facilitate the minting of stablecoins backed by Bitcoin deposits. Operating as an over-collateralized USD-pegged stablecoin, USDU allows users to borrow against their Bitcoin collateral, thus making productive use of their cryptocurrency holdings. The protocol is built upon a robust infrastructure that aims to become a key player in the expanding landscape of decentralized finance (DeFi) centered around Bitcoin.

Users can not only mint USDU by depositing Bitcoin but also have the opportunity to earn yields by contributing their USDU to the Stability Pool. This pool generates rewards from borrower interest and liquidation gains, creating a sustainable yield model without the need for token emissions. Uncap USD prioritizes usability and liquidity, allowing participants to withdraw their funds without lockup periods, thus increasing the flexibility and attractiveness of the protocol.

The underlying architecture of Uncap USD leverages the Starknet platform, which enables scalability and enhances performance over traditional Ethereum-based solutions. With an emphasis on security, modifications to the protocol must be approved by a Security Council, ensuring decentralized governance. As Uncap continues to develop and expand its capabilities, it aims to play a crucial role in the future of Bitcoin utilization within the DeFi ecosystem.