The protocol incentivizes xBTC liquidity with innovative rates for supplying native Bitcoin to the protocol.
LENX has 3 core products that integrates the BTC liquidity into DeFi seamlessly.
- xBTC, BTC Stablecoin - LENX issues a stablecoin, xBTC, a BTC pegged asset. xBTC is the first stablecoin to seamlessly transfer and redeem native Bitcoin without a long wait on any chain.
- Omnichain BTC Swap - LENX's core lies in its ability to conduct swaps and facilitate liquidity for native Bitcoin into any chain.
- XD, permissionless BAMM gauge - Frax BAMM is the core lending facility for LENX, allowing debt origination, customized non-custodial loans, and onboarding collateral assets to the omnichain economy with Frax.
- BXD, Bitcoin-backed CDP - Bitcoin-backed CDP for V2- LENX issues a USD-pegged stablecoin, BXD. BXD is the first stablecoin to collaterize native Bitcoin, currently in development and will be revealed at V2.
