BlockCity

BlockCity is a decentralized protocol focused on empowering users through innovative financial tools in the Bitcoin ecosystem. Founded by Ravi Joshi, the company introduces ₿-PILS (Bitcoin Passive Income Layer Specification), a cutting-edge system for non-custodial liquid staking of tokenized digital assets. Founded in 2023, BlockCity is on a mission to revolutionize how Bitcoin and other digital assets are utilized.

BlockCity provides services like yield-bearing assets, allowing users to earn passive income, and a permissionless on-chain credit line enabling instant borrowing against staked capital. Recently, BlockCity organized the Bitcoin Olympics Hackathon 2024, fostering innovation and showcasing the protocol's potential. The event emphasized BlockCity’s role in shaping the future of decentralized finance on the Bitcoin network.