bvUSD vaults
- This stablecoin does not have a price feed available at the moment and we are unable to display peg/depeg rates.
About bvUSD vaults
BitVault USD bvUSD is used in 2 stablecoin vaults with $5.4M TVL. The largest vault is Staked bvUSD.
2 vaults are excluded from this ranking due to minimum TVL requirements or risk issues.
About BitVault USD
BitVault USD (bvUSD) is an overcollateralised CDP stablecoin by BitVault, a Liquity V2 fork on the Katana chain. It is backed by WBTC and WETH collateral with institutional-only bulk minting.
bvUSD is issued by BitVault, a Liquity V2 fork deployed primarily on Katana, a DeFi-focused chain incubated by Polygon Labs and GSR.
Mechanism
- Overcollateralised CDP model backed by WBTC and WETH
- Initial LTV of 40%, up to 75% thereafter
- Only whitelisted institutional borrowers can mint bvUSD in bulk; retail users mint via other stablecoins
- Stability Pool absorbs liquidations (same architecture as Liquity)
- Contracts are immutable once deployed
Yield
sbvUSD is the staked/yield-bearing version of bvUSD, where yield comes from delta-neutral institutional trading strategies (arbitrage, market-making) executed by GSR.
Status
Early-stage, launched on Katana on 19 June 2025. Raised $2M pre-seed from GSR, Gemini, and Auros. Not independently tracked on DeFiLlama or CoinGecko.
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Performance and risk
The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Staked bvUSD Unknown vault protocol | 0.0%* | 0.0%* | 0.4%* | --- | 0.0% | 0.0% | bvUSD | $5.37M $5.37M | 1.0 | --- | Unknown | Unknown |  | ||
Staked bvUSD Unknown vault protocol | 0.0%* | 0.0%* | 2.2%* | --- | 0.0% | 0.0% | bvUSD | $51.03K $1.05M | 1.0 | --- | Unknown | Unknown |  |
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