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.
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