B.Protocol is a backstop protocol, governed and owned by $BPRO holders. Users of the protocol have access to all the benefits of MakerDAO and Compound (soon Aave and other DeFi lending platforms), with the additional benefit of sharing liquidation proceeds according to proportional usage of the protocol.
B.Protocol brings the Backstop, a best practice tool used in TradFi and in crypto centralized systems, to handle liquidations in DeFi.
The project was launched in October 2020 on top of MakerDAO and later also integrated with Compound. B.Protocol is a non-custodial solution, keeping users in full control over their funds.