Rarimo Launches Wrapless BTC Collateral Protocol
Rarimo introduced “Wrapless”, a lending protocol that enables the collateralization of BTC without requiring a trusted wrapping mechanism
arxiv.org
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Wrapless book v.0.3 - Rarimo Protocol
This paper aims to design a Wrapless – a lending protocol that enables the collateralization of BTC without requiring a trusted wrapping mechanism. This paper describes a solution that enables locking BTC in the ”loan channel” and providing a loan on another blockchain platform, such that the loan’s installment (which can be partial) results in unlocking the corresponding amount of BTC.