BIMA and exSat Join Forces to Supercharge Bitcoin DeFi

Strategic Partnership Kicks Off with $100M in BTC at Las Vegas Bitcoin Bash

Holy moly, Bitcoin fans! Get ready for some serious action in the world of decentralized finance. BIMA, the slick DeFi protocol all about Bitcoin-backed stablecoins and killer yield strategies, just teamed up with exSat, the Bitcoin banking and layer-2 network maestros. Together, they're on a mission to turbocharge Bitcoin-based DeFi, and boy, are they starting with a bang!

The dynamic duo dropped the bombshell of their partnership on May 28, 2025, right in the heart of the epic Bitcoin (BTC) conference in Vegas. BIMA and exSat are ready to pump some serious juice into Bitcoin's DeFi ecosystem, kicking things off with a whopping $100 million in BTC. Get ready for liftoff!

These platforms aren't messing around. They're planning to scale up from 1,000 BTC to a mind-blowing 5,000 BTC, worth a cool half a billion dollars. Talk about going big or going home!

BTC-backed stability, now in Vegas ⚡ pic.twitter.com/9XBRiNydbV

But wait, there's more! This partnership comes hot on the heels of BIMA's mainnet launch, where they unleashed USBD, a Bitcoin derivative-backed and over-collateralized stablecoin that's all about capital efficiency. With USBD, users can dive into yield strategies while still riding the BTC wave. It's the best of both worlds, baby!

BIMA's on a mission to bring the power of DeFi straight to Bitcoin holders, offering top-notch access to yield without making them sell their precious BTC. Whether you're in the decentralized or centralized finance game, USBD's got your back, unlocking on-chain yield and stability like a boss.

Sid Sridhar, the visionary founder and CEO of BIMA, is pumped about this partnership. "This is a game-changer for mobilizing Bitcoin in DeFi," he said. "exSat's building the financial superhighway for a programmable Bitcoin economy, where holders can earn, stake, and dive into on-chain yield strategies without ever leaving the Bitcoin world. BIMA's the key to making it happen, with capital-efficient, rock-solid deployment of USBD across DeFi and CeFi."

As part of this epic collab, BIMA's stepping up as exSat's official stablecoin partner. In return, exSat's throwing its native assets, like esBTC and iBTC, into BIMA's vaults and structured products. It's a match made in Bitcoin heaven!

exSat's founder, Yves La Rose, is just as excited about what this means for the ecosystem. "We're laying the foundation for a sovereign Bitcoin banking layer, and this partnership with BIMA brings us one step closer," he said. "By letting users borrow USBD against their Bitcoin and tap into permissionless yield strategies, we're taking Bitcoin's utility to the next level without forcing users to bail on their positions."