Granite Protocol Listing Shows Bitcoin DeFi Is Still Building On Stacks
Granite Protocol is now listed on Borrow on Bitcoin, giving Bitcoin-linked borrowers another option within the Bitcoin DeFi stack. The listing focuses on Granite’s Stacks-based lending market, where users can deposit sBTC collateral and borrow USDCx at a variable rate reported at 1.66% APR. Key features include isolated pools, soft liquidations, and no rehypothecation of collateral. The product is not available in the US. The main significance is not mainstream adoption, but the growing practicality of Bitcoin DeFi. Instead of broad claims, the ecosystem is now offering comparable products with clearer collateral terms, liquidation rules, and custody assumptions. That matters because BTC holders want liquidity without selling their assets, while also wanting lower risk and more transparent lending structures. Granite’s listing is a small but meaningful step toward a more usable Bitcoin DeFi market.
