OP_NET on Bitcoin L1 Testnet

Get rewarded for saving,
without giving up control

Deposit BTC as collateral and mint USDX stablecoin. Fully on-chain, fully transparent. Built on Bitcoin L1 via OP_NET protocol.

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Protocol Features

🔒

Deposit BTC

Lock Bitcoin as collateral in your vault. Fully non-custodial via OP_NET smart contracts.

💰

Mint USDX

Borrow USDX stablecoin against your BTC. 150% minimum collateral ratio.

📈

Earn Rewards

Save USDX and earn the Sky Savings Rate. Currently 3.75% APY.

How It Works

STEP 01

Connect Wallet

Connect your OP_WALLET to Bitcoin testnet

STEP 02

Deposit BTC

Lock BTC in a vault as collateral

STEP 03

Mint USDX

Borrow up to 66% of collateral value

STEP 04

Manage Vault

Monitor ratio, repay, or withdraw

Protocol Parameters

Minimum Collateral Ratio

150%

Below this, you cannot mint more USDX

Liquidation Threshold

120%

Below this, your vault can be liquidated

Liquidation Bonus

8%

Incentive for liquidators