Dolomite Adds $100 Million in Concrete’s Bitcoin-Backed Collateral

TLDR — Concrete can borrow against Bitcoin held at BitGo, but liquidations require offchain custody settlement rather than an instant onchain sale....
Signal data▼ Bearishconfidence 75%Medium materiality
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Concrete can borrow against Bitcoin held at BitGo, but liquidations require offchain custody settlement rather than an instant onchain sale.... Read the full story at The Defiant
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