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![lloydagas Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2952036744.png) Lloyd [@lloydagas](/creator/twitter/lloydagas) on x 12.8K followers
Created: 2024-12-27 07:49:25 UTC

Can’t believe I’m just learning about this now.

@bitquity_ (formerly ApeSwap) is set to be the next big project launching on @btc_pad_. As the best BiDeFi platform in the @BitlayerLabs ecosystem, @bitquity_ is primed to capitalize on the fact that $BTC holds the majority of liquidity in crypto.

Here’s what makes @bitquity_ a game-changer:

• The first Bitcoin-backed lending protocol on @BitlayerLabs
• Bitcoin Backed Dollar ($BBD): A Bitlayer-based ERC-20 stablecoin powering the decentralized borrowing protocol
• $SWAPE: The secondary token capturing fee revenue and incentivizing stability providers, including BBD depositors, frontends, and liquidity providers in the BBD:BTC Macaron Pool
• Lend BTC for passive income
• Borrow $BBD with X% interest using Bitcoin as collateral
• Borrow $BBD without selling your Bitcoin
• Earn BTC by staking $SWAPE or $BBD

$SWAPE is launching on Dec XX with an IMC of just $495,000! This could be the perfect way to end 2024 with a bang. Don’t sleep on this one!

![](https://pbs.twimg.com/media/Gfyih-FXQAAiA_a.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1872550338835656726/c:line.svg)

**Related Topics**
[protocol](/topic/protocol)
[lending](/topic/lending)
[gamechanger](/topic/gamechanger)
[$btc](/topic/$btc)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/lloydagas/status/1872550338835656726)