DeFi· ★★★· neutral·

Dolomite adds $100M in Concrete's bitcoin-backed collateral

  • —Concrete can borrow against bitcoin held at custodian BitGo
  • —The new collateral on Dolomite totals $100 million
  • —Liquidations settle offchain with the custodian instead of an onchain sale
Why it matters: The setup widens institutional BTC-backed borrowing but shifts liquidation risk to custodial settlement.
#BTC
Source: The Defiant
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