Company: BIMA
Founder and CEO: Sid Sridhar
Website: https://bima.money/
About BIMA
BIMA is a DeFi ecosystem that is laying the foundation for a more scalable, composable and yield-accessible Bitcoin economy, one where Bitcoin holders can unlock liquidity, generate yield and participate in DeFi without compromising security or ideology.
BIMA recently announced the launch of its mainnet, enabling both professional and retail investors to access permissionless institution-grade yield strategies globally without selling their Bitcoin. The platform introduced USBD, a capital-efficient stablecoin over-collateralized by Bitcoin derivatives, offering investors new options for generating yield while maintaining their BTC positions. Now live and accessible to all users, the platform enables BTC holders to borrow at rates of just 1-2% while earning yields of 12% or higher – addressing the inefficiency of traditional lending markets where borrowing costs typically exceed returns.
What separates BIMA from theoretical DeFi experiments is its immediate practical implementation through USBD. Rather than pursuing a single yield strategy, BIMA deploys a spectrum of risk-calibrated vaults ranging from conservative delta-neutral approaches yielding 15-20% APY to more aggressive strategies capable of 30-60% returns. This portfolio approach transforms USBD from a mere stablecoin into a capital formation platform where users dynamically calibrate their risk exposure while maintaining Bitcoin as their fundamental asset base.
With the mainnet now operational, investors can immediately access BIMA’s ecosystem of vault strategies offering varying risk-reward profiles. These range from delta-neutral strategies earning 15-20% APY to higher-volatility options capable of generating between 30-60% APY. Users can deposit Bitcoin directly or stake their BTC to receive liquid-staking derivatives (LSTs), then place these assets into vaults to mint USBD at a 150% minimum collateralization ratio.
BIMA’s mainnet launch delivers a comprehensive security infrastructure featuring over-collateralization safeguards and a stability pool that efficiently resolves under-collateralized positions. The platform integrates with major wallets, including Ledger, MetaMask, and XVerse, allowing users to start minting USBD through a straightforward five-step process.
BIMA has also raised $2.5M in pre-seed funding, in a round led by Portal Ventures, with participation from Tim Draper, Delta Blockchain Fund, Halo Capital, Luxor, and Sats Ventures.
While traditional cryptocurrency lending platforms like AAVE charge premium rates for Bitcoin-backed loans, BIMA inverts this model by offering 1-2% borrowing costs while enabling 12%+ returns. This inversion creates a rare financial environment where borrowers benefit from unprecedented capital efficiency without sacrificing their Bitcoin exposure. For a market accustomed to paying premium rates for Bitcoin-backed liquidity, this represents a profound shift in capital allocation potential.
