Granite Protocol Listing Shows Bitcoin DeFi Is Still Building On Stacks
Granite Protocol has been listed on Borrow on Bitcoin, adding another lending route for users who want to put Bitcoin-linked collateral to work without leaving the broader Bitcoin DeFi stack.
The listing centers on Granite’s Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx. The validated notes point to a variable borrow rate of 1.66% APR, along with features including isolated pools, soft liquidations, and no rehypothecation of user collateral.
The product is not available in the US, and that limitation matters.
Still, the listing is another sign that Bitcoin DeFi is becoming more specific. Instead of broad claims that Bitcoin can support DeFi one day, the market is now seeing comparison pages, lending markets, collateral routes, and user-facing products built around BTC-linked assets.
That does not mean Bitcoin DeFi has gone mainstream. It means the infrastructure is becoming easier to evaluate.
For more details, visit the official Granite platform.
TL;DR
- Granite Protocol has been listed on Borrow on Bitcoin.
- Users can deposit sBTC collateral on Stacks to borrow USDCx.
- The integration is a useful Bitcoin DeFi signal, but it should not be overstated as broad adoption.
Bitcoin DeFi Needs Practical Products
Bitcoin DeFi has always had a slightly awkward pitch.
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