what's GVNR?

GVNR is a decentralized protocol enabling users to collateralize native Bitcoin on-chain through its Diamond Hands BTCFi lending system. Users deposit self-custodied BTC into permissionless smart vaults to mint UCD, an overcollateralized stablecoin backed by BTC at a minimum 150% collateral ratio. This trust-minimized architecture eliminates bridges, wrappers, custodians, and counterparty risks, providing tax-efficient liquidity while maintaining full sovereignty and upside exposure to Bitcoin. The native $GVNR token, with a fixed supply of 20 million, powers the ecosystem as a deflationary utility and governance asset. Protocol fees are partially burned via "the Furnace" mechanism to reduce supply. GVNR supports broader cross-chain functionalities, including asset management vaults, seamless payment tools like JUSTPAY, and AI-assisted operations, bridging BTCFi with DeFi interoperability.

GVNR summary: BOLD borrowed against ETH via Liquity, retaining ETH collateral.

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