description	Introducing the Nakamoto Dollar on Bitcoin

Bamk.fi Overview

Bamk.fi protocol is the issuer of the Nakamoto Dollar, NUSD, a synthetic dollar on Bitcoin L1.

• In phase 1, NUSD is backed 1:1 with Ethena's USDe and sUSDe.
• In phase 2, NUSD will be backed by a delta-neutral Bitcoin position earning native yield (the 'Bitcoin bond')

NUSD is circulating on BRC20-5byte and the Runes protocol, with plans to issue on all viable protocols.

{% hint style="info" %} Website: https://www.bamk.fi

X / Twitter: https://x.com/bamkfi

Telegram: https://t.me/bamkfi

Github: https://github.com/bamkfi {% endhint %}