What is Qubit?

Qubit is a DeFi lending protocol by Mound, optimized to provide lending as a utility on BSC. The description states it has zero withdrawal fees and is intended to reduce lending and borrowing costs for retail users. It also supports use by BSC yield aggregators such as PancakeBunny for leveraged strategies aimed at producing returns described as single asset returns.

The description further states that Qubit focuses on vertical integration of code review for PancakeBunny and other farming platforms, intended to improve security within the BSC ecosystem. It also cites an intent to avoid destabilizing impacts on Layer 2 services from disorganized migrations on Layer 1. After the Qubit launch, it expects to introduce derivative products such as margin trading, though no supply cap, governance model, or native chain specifics beyond BSC are provided.