Shell Finance
  • Overview
    • What is Shell Finance
    • Why Shell Finance
    • What is $sUSD?
  • User Guide
    • How to Borrow
    • How to Repay
    • Auction Guide
    • How to Swap
  • Lending Mechanics
    • Borrow
    • Repay
    • Auction
  • FAQ
    • Product FAQ
  • Concepts
    • Partial Signed Bitcoin Transaction (PSBT)
    • Discreet Log Contract (DLC)
    • Oracle
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  1. Overview

What is Shell Finance

A decentralized stablecoin protocol built on the Bitcoin #Layer1.

Shell Finance is a decentralized stablecoin protocol built on the Bitcoin #Layer1 network. It allows users to leverage on-chain Bitcoin assets (including BTC, Ordinals, Runes, BRC-20, Atomicals, etc.) as collateral to obtain synthetic asset $sUSD(sUSD•sUSD•sUSD) issued by Shell Finance.

At Shell Finance, we build directly on Bitcoin #Layer1, it allows users to borrow $sUSD directly on #BitcoinL1, making Shell Finance a liquidity booster for Bitcoin L1 assets.

Shell Finance's business model is similar to that of MakerDAO, where users pledge their assets within Shell Finance to borrow synthetic assets $sUSD, with Shell Finance acting as the intermediary in the lending process. This model enables Shell Finance to meet the $sUSD borrowing needs of a wide range of users, achieving efficient liquidity from individuals to pools in the UTXO model.

NextWhy Shell Finance

Last updated 6 months ago