Bitway
AuditedNewBitway (formerly Side Protocol) is a 'DeTradFi' yield platform on BNB Chain that routes stablecoin deposits into delta-neutral basis-trading strategies executed on Binance, returning yield-bearing receipt tokens (bwUSDT, BTWUSDT).
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The Problem
Stablecoin holders on BNB Chain lack access to institutional-grade, delta-neutral basis-trading yield without surrendering custody to a single CEX or accepting opaque CeFi pool terms.
The Solution
Bitway Earn mints receipt tokens (bwUSDT, BTWUSDT) against deposited stables and routes the underlying to whitelisted Binance institutional custody, where Bitway runs delta-neutral basis-trading strategies; yield accrues to the receipt token's exchange rate. Two exit paths (normal queue or flash unstake) sit fully on-chain.
Why it Matters
BNB-Chain-native CeDeFi basis-trading vault with an explicit DeTradFi positioning, run by an ex-Binance team incubated by YZi Labs and launched via Binance Booster. Tiered strategy lineup (Absolute Return + Core Alpha) and a 10B-supply BTW token (BEP-20 + ERC-20 mirror) layered on top.
Protocol Metrics
Related Research
View allFrequently asked questions about Bitway
What is Bitway?+
Bitway is a Stablecoin protocol operating on BSC. Bitway (formerly Side Protocol) is a 'DeTradFi' yield platform on BNB Chain that routes stablecoin deposits into delta-neutral basis-trading strategies executed on Binance, returning yield-bearing receipt tokens (bwUSDT, BTWUSDT).
How does Bitway work?+
Bitway Earn mints receipt tokens (bwUSDT, BTWUSDT) against deposited stables and routes the underlying to whitelisted Binance institutional custody, where Bitway runs delta-neutral basis-trading strategies; yield accrues to the receipt token's exchange rate. Two exit paths (normal queue or flash unstake) sit fully on-chain.
Is Bitway safe?+
DeFi Sentinel rates Bitway B with a safety score of 55/100, indicating high risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Bitway has 4 audits on record. DeFi Sentinel's analysis flagged 3 high, 8 medium, 5 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Bitway?+
Bitway has a DeFi Sentinel safety score of 55/100 (rating B), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Bitway support?+
Bitway is deployed on BSC.
Has Bitway been audited?+
Yes. Bitway has 4 audit reports on record from firms including BlockSec, BlockSec, BlockSec. Audit reports and dates are linked under the Resources tab on this page.