Palladium Labs

Palladium is a stablecoin protocol that operates on and is built upon Bitcoin. At its core, Palladium utilizes a debt collateralization mechanism. Anyone can use their BTC to mint PUSD and immediately obtain interest-free liquidity. Users can borrow up to 90% of the value of their BTC in PUSD. The protocol implements a two-tier liquidation system that achieves high capital efficiency and ensures system stability even when the collateralization ratio drops to 110%.