lstBTC: Institutional Bitcoin Yield
The Big Idea
Bitcoin is the world’s largest digital asset, yet it remains financially idle—held in vaults or posted as collateral without generating yield. Institutions have traditionally faced a dilemma:
- HODL BTC as a store of value, leaving it unproductive.
- Lend BTC, taking on counterparty risks, illiquidity, and operational complexity.
lstBTC changes that.
For the first time, institutions can earn BTC-denominated yield without relinquishing custody, lending risk, or disrupting workflows. Powered by Core’s Dual Staking, risk-managed by Maple Finance, and secured by custodians like BitGo, Hex Trust, and Copper, lstBTC transforms Bitcoin into a yield-bearing asset with full liquidity and security.
What is lstBTC?
lstBTC is a liquid, yield-bearing Bitcoin token issued on the Core blockchain, designed for institutional investors seeking BTC-native yield without compromising security.
Unlike traditional BTC yield solutions, lstBTC does not require:
- Lending BTC (eliminating counterparty risk).
- Wrapping BTC onto another chain (avoiding bridging risks).
- Giving up custodial control (Bitcoin remains in institutional custody).
Instead, lstBTC:
- Generates 3-6%+ BTC yield via Core’s Dual Staking.
- Ensures BTC remains custodied by BitGo, Copper, and Hex Trust.
- Is risk-managed by Maple Finance to protect yield sustainability and BTC principal.
How lstBTC Works
For institutional users, lstBTC is simple and seamless:
- Deposit BTC with a trusted custodian (BitGo, Copper, or Hex Trust).
- Receive lstBTC 1:1, which accrues BTC-denominated yield daily.
- Use lstBTC as BTC—trade, transfer, or pledge it as collateral.
- Redeem lstBTC for BTC + Yield at any time through the original custodian.
- No custody changes: BTC remains where institutions already store it.
- No capital inefficiency: BTC earns returns instead of sitting idle.
- No workflow disruptions: lstBTC integrates seamlessly into financial operations.
How lstBTC Generates Yield
lstBTC’s yield is powered by Core’s Dual Staking mechanism, a capital-efficient BTC yield strategy:
- BTC is collateralized via a low 10% Loan-to-Value (LTV) ratio loan to purchase CORE.
- Maple Finance manages risk by using options strategies to hedge against CORE price fluctuations.
- CORE and BTC are Dual-Staked on Core’s blockchain, earning block rewards and fees.
- Yield is converted into BTC, ensuring all returns are BTC-denominated.
Risk Management:
- BTC principal is protected from extreme market moves.
- Negligible liquidation risk due to conservative LTV ratios.
- Dynamically managed yield to balance rewards and security.
Who is lstBTC For?
🔹 Institutional BTC Holders – Funds, treasuries, and wealth managers looking for BTC yield.
🔹 Custodians & ETP Issuers – Institutions managing BTC on behalf of clients.
🔹 Traders & Market Makers – lstBTC serves as yield-bearing collateral for structured strategies.
🔹 Bitcoin Lenders & Borrowers – Offsets borrowing costs, reducing financing expenses.
🔹 Crypto Exchanges – Enhances capital efficiency for trading and lending.
Key Use Case:
- Institutions pay custody fees to store BTC. With lstBTC, these costs flip into revenue streams, unlocking 6B in potential industry-wide BTC yield.
- Real Example: Maple Finance will accept lstBTC as collateral, improving BTC capital efficiency.
What Makes lstBTC Different?
Unlike BTC lending or wrapped BTC, lstBTC is the first institutional-grade, liquid BTC staking solution.
- Fully Liquid
- Institutional-Grade
- Non-Custodial
- BTC-Native Yield (No Counterparty Risk)
| Feature | lstBTC (Core) ✅ | BTC Lending ❌ | Wrapped BTC ❌ |
|---|---|---|---|
| BTC Yield | 3-6%+ APR | Risky lending | Bridging risks |
| Liquidity | Fully liquid | Locked in loans | Somewhat liquid |
| Custody Risk | Same custody setup | Requires counterparty | Centralized minting risk |
| Collateral Utility | Accepted on exchanges | Limited use | Moderate use |
| Security | Non-custodial staking | Default & insolvency risk | Smart contract risks |
Launch Partners & Institutional Credibility
lstBTC is backed by industry-leading custodians, risk managers, and exchanges:
🔹 Custodians (Security & Compliance) – BitGo, Copper, Hex Trust ensure seamless lstBTC minting and redemption.
🔹 Investment Manager (Risk & Yield Optimization) – Maple Finance safeguards principal and manages yields.
🔹 Exchanges (Liquidity & Adoption) – Deribit, OKX, Bybit integrate lstBTC for trading and collateral use.
lstBTC unlocks a new era of Bitcoin utility—turning passive BTC into a productive institutional asset.