lstBTC: Yield-Bearing Bitcoin Collateral
summary
Core runs a Bitcoin DeFi stack with 500 million TVL and about 1 million weekly users, and launches LSTBTC with Maple to mint a liquid, yield-bearing Bitcoin receipt token. It time-locks BTC via check lock time verify, takes a low-LTV loan to buy CORE, and issues LSTBTC; a ratchet target yield around 5% adjusts CORE:BTC staking requirements. Private beta holds ~1500 Bitcoin, six months of data show the tier adjustments working and a compounding CORE-acquisition flywheel that shrinks supply and raises staking yield.
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chapters (11)
- 0:00Core and LSTBTC partnership
- 1:10Bitcoin yield-bearing collateral
- 2:34Core’s Bitcoin ecosystem
- 3:56Self-custodial Bitcoin staking
- 5:01Dual staking and yield model
- 7:29Cryptoeconomic yield layer
- 8:52Bitcoin collateral with Maple Finance
- 10:15LSTBTC flywheel effect
- 11:19Yield layering and DeFi strategies
- 12:42Institutional use cases and expansion
- 13:25Summary and call to action
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