01
No wrapped BTC target
The production target is a Bitcoin L1 reserve, not wrapped BTC on another chain.
00.Make Bitcoin useful
Put your Bitcoin to work.
Yield lets you put Bitcoin to work without wrapping it or moving it to another chain. Send BTC to a Bitcoin address, get a Yield account, and choose what you want to do next.
User yield
Paid in BTC
Target rail
Bitcoin L1
What you get
A Yield account
First use
Earn with BTC
01.The problem
0
Bad choices today.
Centralized lender or wrapped BTC.
It is still hard to earn with Bitcoin safely.
Most Bitcoin just sits there. If you want to earn on it, the usual choices are uncomfortable: hand it to a company, or turn it into a wrapped token somewhere else.
Yield is meant to feel simpler. The product is designed around Bitcoin L1 deposits, and the app shows what your account is doing, where it is earning, and how much you have earned.
$1.9T+
Bitcoin market cap
Millions
Long-term holders
$30B+
Historic BTC lending demand
Missing
A simple Bitcoin account
02.How it works
Your Bitcoin gets a simple account.
Three steps. No wrapped BTC in the target architecture. Earn comes first, spot trading routes through THORChain.
Ledger · Bitcoin MainnetBlock 874,201
State Trace
Bitcoin wallet
Bitcoin address
No wrapped BTC
03.The idea
One account for your Bitcoin.
Yield gives Bitcoin holders a clear place to manage a BTC credit account.
01
Designed for Bitcoin L1
The target architecture avoids wrapped BTC and bridge dependencies.
No wrapped BTC target.
02
Yield shows the account
The app keeps track of your balance, earnings, and choices.
Simple account view.
03
Choose a use
Earn comes first. Spot trading can use the same account when you choose to swap.
Earn and spot trade.
04.Ways to earn
Your BTC earns when
someone pays to use it.
| Use | APY | Why it pays | You earn | In use | Status | |
|---|---|---|---|---|---|---|
| BTC Launch Rewards | 3.80% | Launch rewards | BTC | 75% | V1 | → |
| Covered Calls | Preview | Option buyers pay | BTC | 0% | Next | → |
| Trading Liquidity | Preview | Trading fees | BTC | 0% | Future | → |
05.BTC earnings calculator
Project BTC-denominated yield.
Illustrative. Bitcoin @ $100k
Yield depends on real BTC demand.
Yield depends on real BTC demand.
min 0.01 BTC · max 100 BTC
₿≈ $100,000
Way to earn
Annual BTC earned · BTC Launch Rewards
+₿ 0.0380
≈ +$3,800
Principal + BTC yield
₿ 1.0380
$103,800
Monthly sats earned
316,667 sats
₿ 0.00316667
Why it pays
Launch rewards
Estimated APY
3.80%
Rates are examples. Yield is not guaranteed. If there is not enough real demand, BTC should sit idle instead of chasing unclear risk.
06.Proof
See what is happening.
The app should make the important things obvious: account balance, activity, withdrawal status, and what has been earned.
02
Threshold signer target
The production target is a threshold signer set where no single signer can move reserve BTC.
03
Clear account view
You can see your BTC balance, what it is doing, and what it has earned.
04
Emergency recovery
Recovery details should be visible before live BTC deposits open.
07.Roadmap
Earn first. Spot trading next.
Start with a simple Bitcoin earning account, then add native spot trading.
Phase 1
Earn with BTC
Add BTC to a Yield credit account and earn BTC rewards.
Phase 2
Covered Calls
More ways to earn from the same Yield account.
Phase 3
THORChain Spot
The same account can route BTC spot swaps through THORChain when a user chooses to trade.
08.Backed by
Backed by defy.
defy
Lead
09.Team
Small team. Bitcoin-first roadmap.
Founder-led.
Niko Hosn
Founder
Building Yield for Bitcoin holders.
10.FAQ
What Bitcoin holders ask first.
The primitive is simple: BTC stays on Bitcoin, and Yield shows the account.
Enter appYield is a simple account for putting Bitcoin to work. You add BTC, keep it tied to Bitcoin, and choose whether you want to earn, trade, or borrow.
You get a Yield account that shows your BTC balance, where it is being used, and what it has earned. Think of it like a dashboard for your Bitcoin.
The target architecture uses a Bitcoin L1 reserve. Yield is not asking you to wrap BTC or move it to Ethereum.
The production target is a threshold Bitcoin reserve where no single signer can move reserve BTC. The current web app is demo mode until that signer and proof path is live.
The demo shows launch rewards. Longer term, yield should come from real demand for BTC, including trading, credit, and options modules.
Sometimes people need BTC for a short time, not forever. A trader, miner, or fund may need BTC for hedging, settlement, or market making.
Borrowers should put up collateral before borrowing BTC. If they do not repay, that collateral is there to protect lenders.
No. Yield is not an Ethereum product and does not require wrapped BTC.
Because the target architecture should be verifiable on Bitcoin L1. Bitcoin-native contracts are one way to make deposits, withdrawals, and recovery rules clearer.
No. Yield depends on real demand. If no one is paying to use BTC, the better answer is to leave BTC idle instead of chasing unclear risk.
11.Yield waitlist
Know when Yield opens.
Yield is in demo mode. Leave your email for updates on earning with BTC and future trading.
Demo
Live now
V1
BTC account
BTC
User earns