Bound

Bound is a decentralized finance protocol built on Bitcoin that matches large-asset swaps and loans using a Request-For-Quote (RFQ) model. Its mechanism relies on threshold signing to control assets distributively across multiple parties, avoiding single-point custody, while using off-chain negotiation and on-chain settlement to balance privacy and finality. The pain point it addresses is that native Bitcoin assets have long lacked secure, composable financial uses, and holders struggle to earn yield without leaving Bitcoin's security model.

Bound's positioning is an RFQ-style DeFi venue on Bitcoin. By separating quote negotiation from asset control, it lets large trades complete with lower slippage and less on-chain exposure. Recently it has refined the threshold-signing node set and quote routing and expanded the assets and counterparty types it supports, while strengthening the proof chain between negotiation and settlement so parties can complete verifiable on-chain delivery without revealing full trade intent.