Palladium Labs

**Palladium is building Bitcoin’s first credit-powered payment layer, enabling users to access BTC liquidity without giving up long-term upside.** Backed by Draper Associates, Boost VC, and others, the protocol is fully audited by Hacken and ScaleBit. Founded by IIT Bombay alumni and a seasoned Web3 team with three prior exits, the creators of Palladium previously built Web3 apps that served millions of users and accomplished billions in transaction volume. At the heart of Palladium is **$PUSD**, a decentralized stablecoin that transforms idle Bitcoin into productive capital. Users can borrow $PUSD against BTC, earn yield on their locked collateral, and retain full custody, powered by a unique, gratuity-first redemption model that fixes core flaws in legacy CDPs. **Palladium Pay** makes it seamless: a mobile wallet that converts any BTC deposit into a self-repaying credit line. $PUSD is only minted at the time of payment, and repayments are fueled by BTC yield and market appreciation, allowing both individuals and institutions to spend without ever selling their Bitcoin.