Overview
Overview
GVNR Diamond Hands lets users borrow against native Bitcoin without wrapping or bridging, minting UCD, an overcollateralised Bitcoin-backed dollar on Ethereum. Each borrower creates their own Lit Protocol PKP, which owns and controls a dedicated Bitcoin L1 loan vault address. The borrower retains sole ownership and control of the PKP and vault while the loan is healthy. GVNR has no control over or claim on the vault or its BTC unless the position falls below the liquidation threshold. At that point an authorised liquidator repays the UCD debt and receives ownership of the PKP, and with it control of the vault and its BTC.
This overview is imported from market-data provider metadata. Project claims should be checked against the linked documentation and on-chain evidence.
Identity
- Name: GVNR
- Symbol: GVNR
- Provider-listed chain: ethereum
Names and ticker symbols are not unique. Match the network and contract address against the project's documentation and a block explorer before identifying a token.
Sources and further reading
A provider listing establishes how the asset is catalogued; it does not independently verify project claims or endorse the asset.