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Benefits of Money Protocol

  • 0% interest rate loans - for as long as you have the loan, you pay no interest rate fee.
  • Fully decentralized - secured by the Bitcoin blockchain, the most secure, decentralized blockchain of them all.
  • Low collateral ratio - a minimum of 110% collateral ratio is needed, providing a capital-efficient use of BTC.
  • No Governance system - no one can change the parameters of the Money Protocol smart contracts and all operations are fully automated.
  • Unrestricted Redemptions - BPD can be redeemed at face value for the underlying BTC collateral at any time.
  • Immutable - Money Protocol contracts do not have admin keys which can pose a security risk. The smart contracts cannot be changed or altered in any way.
  • Price stability - BPD is soft pegged to USD and Money Protocol is properly designed to give a price floor of $1 for 1 BPD.