# Introduction to NFT Money Markets on Bitcoin & Beyond

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BPEG'd is a first of its kind decentralized, immutable and secure lending protocol anchored by Bitcoin. We have built a pioneering platform that enables non-fungible token (NFT) holders to open collateralized debt positions and directly connect with Omnichain liquidity providers via their NFT collection holdings secured by the Bitcoin network's robust collateral.&#x20;

Users mint USDb (the native stablecoin of the protocol) or xBTC (the layer-2 derivative of the protocol powered by [**Stacks**](https://www.stacks.co/)) or alternatively commit and bond [**STX**](https://www.stacks.co/explore/get-stx) (Required for operating transactions on the Stacks BTC Layer-2 Solution) enabling them to effectively obtain leverage on any supported collection of NFTs present on the Bitcoin Layer.&#x20;

Stacks is a key component of the protocol and via [SIP-010](https://github.com/stacksgov/sips/blob/main/sips/sip-010/sip-010-fungible-token-standard.md): Standard for fungible tokens & [SIP-009](https://github.com/stacksgov/sips/blob/main/sips/sip-009/sip-009-nft-standard.md): Standard for non-fungible tokens allows BPEG to bridge the gap between EVM based NFT collections and provide a novel borrowing & Lending experience secured by Bitcoin.

The protocol is managed by a governance token, $[BPEG](broken://pages/5S9KT8s6rD7ACDiOROwP), that oversees, administers, and changes parameters to the protocol dependant on community driven proposals via the BPEGDAO.&#x20;

Importantly, BPEG'd is completely permissionless, immutable and secure. It answers to nor is controlled by any central entity or governing body. BPEG's vision is to bridge the gap between DeFi and NFTs and seamlessly allow any EVM or Bitcoin based NFT collection to obtain a robust line of credit in a flexible manner.&#x20;

A couple examples of what the liquidity obtained via BPEG'd can be used for include:

* Serving immediate liquidity needs on both Bitcoin and Ethereum blockchains
* Taking advantage of short or long-term investment opportunities including acquisition of alternative tokens or utilising DeFi/CeFi Protocols.&#x20;


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