GVNR
Open Diamond Hands

GVNR DAO LLC · Permissionless DeFi

Native Bitcoin credit. A Bitcoin-backed dollar. One token that absorbs the fees.

GVNR enables self-custodial collateralisation of native Bitcoin in isolated L1 Bitcoin Vaults. Users deposit BTC and mint UCD against it — without wrapping, bridging or selling. $GVNR is the governance and utility token of the protocol.

Study the protocol $GVNR facts

20,000,000

Maximum supply of $GVNR

25%

Of fees are bought and burned

3%

Bitcoin loan fees

6 blocks

To settle a BTC withdrawal

Native Bitcoin.
Permissionless Control.

Today, taking liquidity against Bitcoin usually means selling it, handing it to a centralised lender, or wrapping it for use on another chain. Each path has a cost: a taxable event, counterparty risk, or bridge risk.

GVNR is built for permissionless control, for Bitcoin this means the holder keeps native BTC in BTCFi as collateral in an isolated, self-custodial vault and still draws a dollar liability against it. The Bitcoin stays a UTXO on Bitcoin. UCD is minted where dollar liquidity already lives. For other assets it means commands move across domains and unless unavoidable bridges aren’t used.

For all GVNR products, your assets should be in your control. That is general message passing in practice: permissionless control of a native asset, without an intermediary taking a claim on your assets. The fees paid flow into GVNR.

  • Isolated vaults

    Your position, your vault. No pooling and no rehypothecation.

  • Distributed key control

    The protocol can never sweep collateral unilaterally.

  • Single-block settlement

    BTC withdrawal settles in six Bitcoin blocks once the liability is closed.

  • No KYC gate

    Nothing to submit at the protocol layer.

The Furnace turns protocol activity into deflation.

$GVNR is a deflationary utility token with a fixed scarce supply of 20 million. Through the Furnace, a portion of fees from network and product activity is used to buy and burn $GVNR. Circulating supply falls over time. Scarcity is reinforced through organic deflation.

Holders sit inside a token-oriented model: utility on one side, protocol-led demand on the other. Growth in activity feeds the Furnace. The Furnace feeds the token.

A scaling share of fees is dedicated to price-agnostic buy-and-burn of $GVNR. DAO Governance sets the rate. Today that allocation is 25% of fees, designed to climb toward 90% as operating requirements are covered.

On Diamond Hands Borrow the origination rate is 3%, capitalised into the debt so the holder still receives the full UCD mint. At a 25% Furnace split, 0.75% of UCD minted on that ticket is the buy-and-burn contribution.

Revenue example

Minted

10,000 UCD

The holder takes the full mint. Nothing is deducted at origination.

Fees

300 UCD

The 3% origination rate is capitalised into the liability.

Burned

$75 of $GVNR

A quarter of the fee is executed as a market buy of $GVNR, then burned.

BTC collateral (illustrative)UCD minted at 50% LTV3% feesFurnace at 25%
$10m$5m$150,000$37,500
$100m$50m$1,500,000$375,000
$1bn$500m$15,000,000$3,750,000

NOTE: These figures are mechanical illustrations against a 20 million maximum supply. They are not a projection of TVL.

Fixed supply. Fast vest. One asset

Holders govern GVNR DAO LLC. There is no second token and no points programme that converts later. Circulating supply should be read live from the explorer.

Uniswap Carbon Etherscan
Maximum supply20,000,000 $GVNR
Vesting completes25 December 2026
Fee sinkFurnace buy-and-burn — 25% of fees today, up to 90-95% by governance
HoldersHolder information available using Etherscan
Contract0xfc60fc0145d7330e5abcfc52af7b043a1ce18e7d

Products built on the protocol

GVNR is the base. The applications are how users touch it. Detailed product mechanics can be found on the individual application sites.

Live Watch

Diamond Hands Borrow

diamondhands.credit

Diamond Hands is a Bitcoin-native borrowing market. Holders deposit native BTC into a smart contract vault then mint UCD against it. Maximum loan-to-value is 66%. Minimum collateral ratio is 150%. Liquidation begins at 110%. The term is twelve months and can be extended while the position remains eligible. The rate is 3% APY, added to the debt.

The product is designed for holders who want liquidity without a disposal of Bitcoin and without assigning keys to a centralised lender.

Diamond Hands Borrow — borrow UCD against your BTC
Issued asset

UCD — Ultimate Collateral Dollar

Permissionless liquidity

UCD is an overcollateralised, Bitcoin-backed stablecoin on Ethereum mainnet. Native BTC is deposited into a users GVNR vault to enable UCD minting. UCD must be redeemed to repay the debt or close the position. Every unit in circulation is backed at or above the minimum collateral ratio. The PSM can be used to mint if a user is short UCD.

UCD — Ultimate Collateral Dollar
Next

Diamond Hands Carry

Delta neutral yield

Carry uses the same vault. Minted UCD is deployed through a rules-based automated book. The holder’s yield is credited back in Bitcoin, growing the collateral base. Projected return is 6%+ in BTC and is not guaranteed. LP participation on the UCD/USDC curve is a separate, dollar-denominated sleeve.

Diamond Hands Carry — earn yield paid in Bitcoin
2027

smoothbrains.ai

Autonomous risk model

Smooth Brains is a self-custodial execution agent with trade-only permissions. It cannot withdraw. Authority is revocable on-chain. Zero management fees and 20% of net profits above a high-water mark. The product is in beta.

Smooth Brains

Protocol Leadership

Benjamin WhitbyProtocol Lead
Cynan RhodesTechnical Architect
Robert OlsenCommercial Development
Andrew NeedhamRegulation and Compliance
Tim JonesTreasury
Rufus RoundSales
Jamie CookeOutreach and Partnerships

Trusted partners and backers

Flight3 Centauri Web3 Consortium Global Block OrdinalsBot Xverse Blufolio FiveT Fintech Warden Grove POKT AAXXII Lit Bancor Ordzaar V Ventures