PANews February 21 News, BTC Yield Protocol Structured announced the closure of the platform and opened user redemptions. The project originally planned to offer a sustainable BTC yield strategy with recyclable leverage, which once achieved approximately 84 BTC TVL, with a historical annualized return of about 5%–7%. Since public testing began in October last year, users have increased their holdings by an average of about 1%. The team stated that in a bear market environment, high JLP entry and exit fees, along with decreased market liquidity, have led to strategy fee rates and drawdowns that are difficult to be covered by yields. The current risk-return profile no longer holds continued value. All funds are now custodied in WBTC, and users can redeem at a rate of 1 maxBTC = 1.009240684 WBTC on the Ethereum mainnet.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The whale "pension-usdt.eth" has reduced its BTC short position to 705 coins, with a current unrealized profit of $100,000.
Gate News Report, March 7 — According to HyperInsight monitoring, the whale address "pension-usdt.eth" has been continuously reducing its BTC short positions over the past 30 minutes. Currently, this address is short 705 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized profit of $100,000.
GateNews1h ago
Was $74K a bull trap? Bitcoin traders diverge on 2022 crash replay
Bitcoin (CRYPTO: BTC) cooled after marching toward a fresh high near $74,000 earlier in the week, setting up a critical debate among traders about whether the rally marks a local top or the next leg in a larger bullish sequence. The pullback comes as market participants weigh whether the current
CryptoBreaking1h ago
