U Protocol
  • Overview
  • $YOU token
    • Token Utility
    • Tokenomics
    • Partnerships
  • $uBTC
    • $uBTC's Uniqueness
    • $uBTC Utility
    • How is $uBTC backed?
    • Recovery Mode
  • AMA - 13/01/24 [1 AM UTC]
  • Audit
  • Contract addresses
  • Legal disclaimers
  • Relavant links
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  1. $uBTC

$uBTC Utility

  • Store of Value: $uBTC allows for decentralized and immutable holding of BTC, acting as a reliable store of value.

  • Long Exposure to ETH/BTC Pair: $uBTC provides a means for decentralized long exposure in the ETH/BTC trading pair, allowing users to potentially profit from market fluctuations.

  • Decentralized Omnichain DeFi Use Cases: $uBTC opens up a world of decentralized omnichain BTC DeFi use cases, such as providing liquidity and participating in yield farming opportunities.

  • Payment and Settlement: $uBTC can be used as a medium of exchange in transactions across various platforms.

  • Collateral: $uBTC can be used as a collateral for minting stablecoins in various DeFi platforms.

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Last updated 1 year ago