Bitlend is an algorithmic, decentralized lending protocol that operates on the BTC network where users can participate as lenders or borrowers in isolated lending pools. Bitlend aims to fully release the potential of Bitcoin's Layer 1 capabilities and build high-velocity markets for BTC native BRC20 Assets using ordinals protocol, PSBT technology, and Bitcoin scripts. With one unified margin account, users can earn interest on deposits, and borrow from shared liquidity pools against collateral.