Introducing EARTH — the endgame for Bitcoin Liquid (re)Staking Tokens
A non-custodial and decentralized Bitcoin LST-backed stablecoin $ORE.
In 2024, BitcoinFi emerged as a significant player in the crypto landscape, ushering in a new era of liquid staking tokens (LSTs) for Bitcoin. The growth of Bitcoin LSTs are surpassing the growth trajectory even seen with Ethereum LSTs during 2022–23. Given Bitcoin’s robustness and its dominating market cap, clearly the potential for Bitcoin LSTs is immense, offering a unique utility for entire crypto space while limiting reliance on Ethereum’s DeFi interdependence.
Earth capitalizes on this momentum by reimagining DeFi for Bitcoin through the resilience inherent in Bitcoin itself.
Stablecoins are the most utilized asset in Ethereum DeFi and they have played a pivotal role in its growth. Clearly, a sustainaible growth of BitcoinFi requires a dependable stablecoin, one that is free from the centralized risks and inherent vulnerabilities prevalent in the Ethereum ecosystem.
Enter Earth
Earth is a decentralized protocol that allows users to mint a stablecoin ($ORE) fully collateralized by Bitcoin-backed liquid (re)staking tokens. This provides holders with unrivaled capital efficiency. With the help of staking rewards, loans secured by Bitcoin LSTs eventually pay themselves back. The stablecoin will be further incentivized on partner DEXs to create a capital-efficient flywheel where users can receive trading fees, partner DEX tokens, and $EARTH on top of their Bitcoin staking rewards.
The Earth codebase is completely immutable, based on Liquity, creating a robust protocol and truly decentralized stablecoin with favorable and flexible collateral parameters. These features make it attractive for those wanting to get the best out of their LSTs without tail risks from other stablecoins.
Key Features
- Instant liquidity using Bitcoin LST/LRT and yield-amplified assets
- Capital leverage without sacrificing yields on collateral
- Earn $BTC by depositing $ORE in Earth’s stability pool
- Farm $EARTH tokens through minting and utilizing $ORE
- Use $ORE to generate passive yield or engage in leverage trading
Managed by the Earth DAO, the protocol empowers users through control over parameters, emissions, and protocol fees, enhancing governance and community involvement within the ecosystem. By integrating Bitcoin-backed LSTs with a stablecoin framework, Earth represents a transformative step toward a decentralized, efficient, and sustainable DeFi landscape.
What’s Next?
For now, we’re heads down building Earth. We wanted to introduce ourselves and our mission and let everyone know we’re hard at work. As Bitcoiners, we are excited by the emergence of BitcoinFi and we look forward to playing our part to increase the utility of the space.
Stay tuned for more updates on Earth.
Twitter: https://x.com/EarthDeFi
Discord: discord.gg/PbXud77YPd
