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The DeFi protocol BitVault has completed a $2 million pre-seed funding round.

The DeFi protocol BitVault has completed a $2 million pre-seed funding round.

2025-06-18 18:22

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ChainThink reports: DeFi protocol BitVault announces completion of a $2 million pre-seed funding round, with investors including GSR, Gemini, Auros, and Keyrock. BitVault will launch an over-collateralized stablecoin bvUSD backed by Bitcoin derivatives and its yield-bearing variant sbvUSD. The protocol will be deployed on the new decentralized finance chain Katana, incubated by Polygon Labs and GSR, leveraging a licensed fork of Liquity V2 to enable permissioned lending, user-set interest rates, and automated liquidation infrastructure. BitVault plans to deploy on the Katana mainnet in June 2025 and is actively onboarding institutional borrowers.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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