TREE NEWS update: Dolomite has added $100 million in Bitcoin-backed collateral from Concrete, allowing Concrete to borrow against Bitcoin held at BitGo. Liquidations require offchain custody settlement rather than an instant onchain sale, meaning positions cannot be closed immediately through a decentralized exchange.
Dolomite Adds $100M in Concrete’s Bitcoin-Backed Collateral
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AI take
The notable detail is the liquidation mechanism, not the headline figure: collateral sitting in offchain custody means a stressed position depends on settlement coordination rather than an instant DEX exit, which changes the risk profile of the lending market in ways that only surface under pressure. This matters most for Dolomite's lenders and for anyone assessing how Bitcoin-backed credit is being structured as it scales. Whether offchain settlement proves as reliable as onchain liquidation during a volatile move is the open question.
Generated by AI for reference only.
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