# GVNR

Native Bitcoin credit. A Bitcoin-backed dollar.

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.

## House terms

- Fixed maximum supply of 20,000,000 $GVNR
- The Furnace buys and burns 25% of protocol fees; DAO governance sets the rate
- Diamond Hands Borrow: 3% origination, capitalised into the debt
- 66% maximum loan-to-value; 150% minimum collateral ratio; liquidation at 110%
- Six blocks to settle a BTC withdrawal
- Vesting completes 25 December 2026

## The model

$GVNR is a deflationary utility token with a fixed scarce supply. A scaling share of fees from network and product activity is used for price-agnostic buy-and-burn of $GVNR, so circulating supply falls as activity grows. That allocation is 25% of fees today and is designed to climb toward 90% once operating requirements are covered.

## Applications

- Diamond Hands — Bitcoin-native borrowing. Deposit native BTC into a smart contract vault, mint UCD against it. Live: https://diamondhands.credit
- UCD — the Ultimate Collateral Dollar. Overcollateralised, Bitcoin-backed, on Ethereum mainnet
- Diamond Hands Carry — delta-neutral yield on minted UCD, credited back in Bitcoin. Projected 6%+ in BTC, not guaranteed
- Smooth Brains — a self-custodial execution agent with trade-only, revocable permissions. In beta: https://smoothbrains.ai

## Links

- Docs: https://docs.gvnr.xyz/
- $GVNR: https://etherscan.io/token/0xfc60fc0145d7330e5abcfc52af7b043a1ce18e7d
- UCD: https://etherscan.io/token/0xaAaB6B05E5EecB015898483d4e6703d7F218850b
- X: https://x.com/gvnrdao
- Telegram: https://t.me/gvnrofficial
- Agent index: https://gvnr.xyz/llms.txt