Trustin

Empower Your Assets with Trustin on BitLayer: Where DeFi Meets BitEVM

What is Trustin？

Trustin is a permissionless lending protocol designed for #BitLayerLabs, driven by a Bitcoin security-equivalent Layer 2 solution built on BitVM.

At Trustin, you'll be among the early adopters of DeFi on the Bitcoin Layer 2 network. Powered by BitLayer, you can leverage your crypto assets as collateral to borrow the underlying assets more quickly and securely, while also earning interest by supplying assets to the protocol.

How does TrustIn work?

At Trustin, a separate market is constructed for each type of cryptocurrency's liquidity pool. For instance, all users staking A tokens collectively form an A market. Similarly, all users borrowing A tokens engage in borrowing and repayment within this market, where they also share the borrowing and collateral rates of the A market. This ensures that risks and rewards are evenly distributed among all users, without significant concerns arising from a small portion of defaults.

Simultaneously, Trustin introduces the concept of "reserve funds." The system allocates a portion of the loan interest as reserve funds based on a reserve fund coefficient, aimed at addressing protocol losses.