The new protocol is officially live on the Oasis Sapphire mainnet! 🎉

Users can now provide ROSE as collateral and mint BitUSDs, a privacy preserving USD-pegged stablecoin. The protocol has limited functionality as we prepare for the TGE (Token Generation Event) and the snapshot-based redistribution.

If you want to use a private stablecoin or contribute to our protocol, then we welcome you to do so at this time. If you want to yield farm our protocol or participate in governance, then please wait for more news in the coming weeks.

Come check us out at

https://bitusd.finance

Bit Protocol and Accumulated Finance have officially partnered up! 🚀

This means growing synergies within the Oasis Ecosystem and $wstROSE as a collateral option!

You can participate by using liquid staking with $wstROSE, which you can acquire at accumulated.finance. It automatically accumulates and compounds rewards earned with $stROSE! 🚀

Bit Protocol Reached $ 200,000 in TVL! 🚀

$MTBILL is now live as a collateral for $BitUSD, bringing real-world assets into DeFi!

https://x.com/BitUSD_finance/status/1900227454066704716?t=vz2kJbMrjtoeLrHRHIU-ZQ&s=19

https://x.com/BitUSD_finance/status/1902405542540091575

🚀 Bit Protocol reached $ 4M in TVL 🚀 - all after the inclusion of $MTBill a tokenised Treasury Bill emitted by Midas Protocol. Thanks for keep supporting $bitUSD as the most decentralized crypto-back overcolalteralized stablecoin in the ecosystem. You can mint now on bitusd.finance

Whispers, Rumors of v2..and what else? 😳Features never seen before in CDP's?🧨 Gotta check it out: https://medium.com/@bitprotocol/march-update-bit-protocol-6dd7b1f3dc4a

Exciting news on version 2 and more! See https://medium.com/@bitprotocol/april-may-update-bit-protocol-d1805d9b430d

🪙 Unlock idle capital
Your $SOL, $ROSE, rare LSTs?
All productive. All working for you.

Omnichain isn’t a feature on BitUSD — it’s the foundation.
Manage positions easily, without chain-hopping, without multiple wallets, and without losing time or opportunities.

📈 Turn “dead capital” into productive leverage
That $ETH in your wallet? Those exotic altcoins with no yield?
BitUSD puts them to work across every chain that matters.

• Farm $BIT governance tokens while leveraging
• Mint $BITUSD for cross-chain liquidity
• Use it anywhere in the ecosystem

🔢 The numbers
• Expanding to Ethereum, Etherlink, XRPL EVM, Sonic, BSC, Avalanche
• $4M+ TVL
• ✅audit pass report

🌐| http://Bitusd.finance
🐦 | https://x.com/BitUSD_finance
📔 | https://medium.com/@bitusdprotocol
📢 | https://t.me/bitprotocolofficial
📰 | https://bitprotocol.gitbook.io/bitprotocol
🦙 | https://defillama.com/protocol/bitusd

Here’s a five-step guide on minting BitUSD the right way.

👉🏻 No surprises. Let’s get into it!

Step #0: First, let’s set the stage. BitUSD is a CDP-style stablecoin backed by different collaterals (soon other assets on different chains). We’ll take Oasis Sapphire for a spin.

To mint it, you’ll need to:

→ Move assets from another chain (BSC)
→ Get gas/collateral (ROSE)
→ Bridge to Sapphire
→ Manage collateral carefully
→ And “think like a veteran who’s been rugged before”

🛠 Step #1: Setting up MetaMask + Getting some gas

If you're here, you probably have a prepped up wallet.

If not, let’s quickly speedrun through this process:

→ Add Oasis Sapphire to your MetaMask via http://chainlist.org
→ Make sure BSC is added too if it isn’t already
→ Head to http://jumper.exchange, and swap BNB → wROSE

Remember to not go all-in with the BNB. Leave a little in your wallet for fees. Why? Because gas is non-negotiable, and swapping before bridging saves a step later.

🌉 Step #2: Bridge wROSE → Sapphire (ROSE)

Use Celer Bridge.

From: BSC
To: Oasis Sapphire
Token: wROSE → ROSE

Bridges are not instant. It may take 5-20 mins. Be patient.

🧮 Step #3: Mint BitUSD

Go to http://bitusd.finance

Click “Launch App” → Connect Wallet

You’ll sign twice. This isn’t a bug. It’s to authorize use of the dApp. Don’t rush. Read prompts. On the picture below the blue button means "Confirm" in your language.

🏦 Step #4: Choose Collateral Ratio

This is where most people blow up. You can mint BitUSD with ROSE as collateral. The minimum amount is 10 BitUSD. You must stay above 150% or risk liquidation.

But listen:

→ Below 180% = soft liquidation
→ Above 180% = safe zone

Smart users aim for 200-220%.

Yes, you get less BitUSD but you keep your collateral.

Tip: You’re not just minting a stablecoin. You’re opening a vault. That vault has risk exposure, debt obligations, and liquidation parameters. So, monitor your vault frequently.

📊 Step #5: Monitor & Manage Your Vault

In the Vaults section, you can:

→ Add collateral
→ Withdraw BitUSD
→ Repay debt
→ Top up to avoid liquidation

Treat it like mission control. And watch that ratio.

🔄 Optional: Need BitUSD to repay?

If you're short BitUSD but want to repay debt, swap via:

- Illuminex
- Neby
- Thorn

Add the BitUSD contract manually if needed:

0xA14167756d9F86Aed12b472C29B257BBdD9974C2

Congrats! You Now Hold BitUSD!

🚨 Stablecoins aren’t just about “being stable.”
The real question: What breaks first?

Let’s compare the 3 main approaches:

🔹 USDC → backed by banks & regulation. Stable in normal times, fragile in crises (remember SVB 2023?).
🔹 DAI → decentralized at launch, now heavily reliant on USDC & RWAs. Flexible, but governance-heavy.
🔹 BitUSD → the sleeper. Multichain, crypto-overcollateralized, with peg enforcement by code + incentives — not regulators or committees.

⚖️ Risks differ:
• USDC → regulatory risk
• DAI → governance risk
• BitUSD → collateral volatility (transparent & on-chain)

👉 In the end:
There’s no single “winner.”
The smartest move? Diversify your stablecoin exposure.