DeFi agreement BitVault completes $2 million pre-seed financing round
Internet reports that DeFi agreement BitVault announced that it has completed a US$2 million pre-seed financing, with investors including GSR, Gemini, Auros and Keyrock. BitVault will launch an overcollateralized stablecoin bvUSD backed by Bitcoin derivatives and its income-based variant sbvUSD. The agreement will be deployed on Katana, a new decentralized financial chain incubated by Polygon Labs and GSR, leveraging Liquity V2 's authorization fork to enable licensed lending, user-set interest rates and automated clearing infrastructure. BitVault plans to deploy on the Katana main network in June 2025 and is actively introducing institutional borrowers.
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