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lstBTC: Institutional Bitcoin Yield


What is lstBTC?

lstBTC (Liquid Staked Bitcoin) is a yield-bearing token that represents Bitcoin + accrued yield through Core's Dual Staking mechanism. It offers yield denominated in CORE or Bitcoin, full asset liquidity, and institutional-grade custody.

Product Structure

Custodial Backing

Principal Bitcoin is held with trusted custodians including BitGo, Copper, and Hex Trust. These institutions safeguard the Bitcoin and authorize its use in Maple Finance's yield-generating strategies without compromising control.

Yield Generation

Managed via Maple Finance's institutional strategy:

  • Bitcoin Collateralization: Deposited Bitcoin serves as collateral
  • CORE Acquisition: Stablecoins are borrowed against Bitcoin to acquire CORE tokens
  • Dual Staking Implementation: Both Bitcoin and CORE are staked to access Satoshi Tier yields
  • Risk Management: CORE price exposure is hedged to protect Bitcoin collateral
  • Yield Distribution: Generated rewards flow to lstBTC

Token Properties

  • Full Backing — Each lstBTC represents one Bitcoin plus accrued yield
  • Asset Liquid — Tradable, usable across DeFi, and postable as collateral
  • Institutionally Secure — Bitcoin remains with participating custodians
  • Real Yield — Yield denominated in CORE or Bitcoin

Key Benefits

For Institutions

  • Capital Efficiency — Earn yield while maintaining Bitcoin exposure and liquidity
  • Custody Continuity — Compatible with existing institutional custody setups
  • Hedged Exposure — Professional management of CORE price risk

For the Core Ecosystem

  • Drives CORE Demand — Minting lstBTC requires acquiring and staking CORE
  • Boosts Staking Participation — Increases overall Dual Staking volume
  • Institutional Onboarding — Increases institutional involvement with Core
  • Expands Yield Token Liquidity — Creates a tradable asset on Core