Bima

Rating

BBB

Score68.00

Stablecoin

Sec. Infrastructure Overview

Current Bug Bounty:

No Bug Bounty

Bug Bounty Max Payout: 0 $

Has paid White Hats before:

Date of Last Audit: 1 Jan 1

Recent Security Incidents

Incident
Amount Lost
Date

Secured By

The Protocol is secured by

Name
Type
Website
0
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Past Audits

Number of Audits

1

Number of Vul. Found

34

Date of Last Audit

1 Jan 1

Past Audit Reports

Last codebase change was on: 1 Jan 1

Company
Date
Number of Vul Found
Link
1 Jan 1
0
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Show Code Locations

Show all Vulnerabilities

Vulnerabilities reported in past audits

Severity
Title
Location
Link
REDUCTED
REDUCTED
REDUCTED
View Report

Code Structure

Lines of Code

0

Amount of Contracts

75

External Integrations

0 Code Summery

BIMA is a DeFi ecosystem designed to provide both professional and retail investors with access to high-quality yield strategies globally, all while retaining their Bitcoin holdings. The platform utilizes a stablecoin called USBD, which is over-collateralized by Bitcoin derivatives, allowing investors to stake their BTC and earn liquid-staking derivatives (LSTs). BIMA offers various vaults with different risk-reward profiles, enabling returns ranging from 15-20% APY for low-volatility strategies to 30-60% APY for higher-volatility options. Additionally, BIMA emphasizes security and scalability, with features like decentralized governance, permissioned institutional borrowing, and rigorous security audits to protect users'assets.

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Code Structure & Dependency

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Centralization

Decentralization Score

13 out of 20

Contract Upgradability

No upgradability

Frontend

Go to Dapp

Maintenance Score

2.00

Poor

Excellent

Admin / Governance Functions

Timelocks

Uses Timelocks

Pauseability

No pause

Admin Wallet

0xaCA5d659364636284041b8D3ACAD8a57f6E7B8A5

Use timelocks in governance

Recommendations

When the collateralization ratio drops below the required threshold, the system automatically sells a portion of the collateral to repay the debt. This prevents users’itions from becoming under-collateralized, ensuring that the value of USBD is always backed by adequate reserves, even in turbulent market conditions.

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