BPEG'd is the first of its kind decentralized, immutable and secure lending protocol anchored by Bitcoin. BPEG'd 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. Users mint USDb (the native stablecoin of the protocol) or xBTC (the layer-2 derivative of the protocol powered by Stacks) or alternatively commit and bond 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. 

The protocol is managed by a governance token, $BPEG, that oversees, administers, and changes parameters to the protocol dependant on community driven proposals via the BPEGDAO.