Capital Efficiency
With no interest, initiation or closing fees and 110% minimum collateralization ratio, eBTC is the most capital efficient way to borrow Bitcoin anywhere.
stETHBacked
BTCLoans
110%
Collateralization
0%
Fees
11X
Leverage
How it works
Trade the Flippening
Step 1
Borrow eBTC against your stETH
Step 2
Swap eBTC for stETH
Step 3
Swap back to eBTC and close the loan
Why eBTC
Transparency
Powered by immutable smart contracts, it enables users to verify the backing of eBTC at all times while maintaining custody of their positions.
Lower Liquidation Risk
Borrowing BTC against ETH ensures a significantly higher correlation between the collateral and borrowed asset and reduces liquidation risk.
Security Matters
Built by Badger
With 3 years building in DeFi, over $3.5B in lifetime BTC deposits, a commitment to open source development and 6 protocol launches, Badger knows how to ship to the highest standard. There was no exception when bringing the eBTC protocol to life and ensuring the same security rigor was followed.
Learn more