Atomic Loans developed a decentralized, peer-to-peer lending protocol that allowed users to lock Bitcoin in a non-custodial escrow and borrow stablecoins like DAI or USDC. The platform's core technology utilized atomic swaps to ensure trustless settlement of loans without centralized intermediaries. Founded in 2019 and backed by venture capital, the project aimed to bring DeFi capabilities to the Bitcoin ecosystem. However, in December 2020, the team announced they were winding down the project and sunsetting the protocol due to challenges in gaining significant market traction.

Founded in

Canada