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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