mtBTC Token, Vaults and Yield Sources
Last updated
Last updated
mtBTC is a yield-bearing Bitcoin asset on Ethereum Mainnet that allows holders to earn yield while retaining full exposure to Bitcoin. BTC bridged and escrowed to MTX will mint mtBTC and automatically earn yield through Bitcoin restaking via Babylon and Symbiotic.
MTX will offer opt-in automated yield strategy vaults that are riskier with higher rewards to allow mtBTC holders to deposit and earn additional yield. Vault yields are to be sourced across a variety of DeFi positions, including:
Trading fees from providing liquidity to the mtBTC/wBTC pool on Decentralised Exchanges
Delta Neutral Funding Strategies e.g. arb yield
Hashpower and cloud mining collateralised by mtBTC
Utilizes the most decentralized and scalable BTC <> ETH bridge
Ability to earn passive and resilient yield from Bitcoin Restaking
By staking with MTX, your Bitcoin remains liquid and can be used across a range of DeFi applications to earn extra yield
Automated, smart selection of AVS and PoS chains to validate
Holders retain full Bitcoin exposure and benefit from any capital appreciation of Bitcoin