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Dolomite Adds $100 Million in Concrete’s Bitcoin-Backed Collateral

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 21/10/2026, 19:57:24 UTC.

Briefings

A concrete lending protocol allows borrowers to pledge Bitcoin held at BitGo as collateral, enabling them to borrow against the asset. However, liquidations require offchain custody settlement rather than an instant onchain sale, creating a potential delay in asset recovery. This mechanism introduces complexity to the collateralization process for users relying on instant liquidation mechanisms.

Key points

• Concrete lending protocols permit borrowers to pledge Bitcoin held at BitGo as collateral to borrow funds.
• Liquidations require offchain custody settlement rather than an instant onchain sale, potentially delaying asset recovery.

Context

This finding matters because it introduces a non-instant liquidation mechanism for concrete-backed Bitcoin collateral, affecting liquidity and risk management strategies in the crypto lending sector.

Limitations

Evidence is limited to the specific mechanism of offchain custody settlement for liquidations. No data on liquidation rates, borrower defaults, or BitGo's Bitcoin holdings is provided.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 21/10/2026, 20:01:24 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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