vanhonkin

In the past, Bitcoin mainly offered price exposure with limited ability to serve as collateral or generate yield. That is changing as infrastructure improves and Bitcoin becomes usable beyond holding it. A few things are making this possible: 1. Custody frameworks and counterparty standards have matured 2. ETFs have wrapped Bitcoin in a form that fits institutional infrastructure 3. Prime brokerage services for digital assets are becoming real These changes move Bitcoin from pure exposure toward measurable yield potential. With a zero hurdle rate, even modest yield is directly additive.

Main drivers of maxBTC/BTC exchange rate volatility: Movements in the exchange rate reflect the underlying economics of the strategy, not BTC price moves. - When yield exceeds funding costs, the rate increases - If funding outweighs yield, it can flatten or dip

maxBTC has continued to trend upward, driven by consistent BTC-denominated returns from the JLP BTC-Neutral strategy. Dec 5 - Jan 12 performance: - Exchange rate: +37.5 bps - Strategy APY: 3.7% Since deployment in late October: +93.5 bps relative to BTC.

Not all liquid strategy tokens qualify as financial primitives. A financial primitive is an LST that can be used as collateral, with predictable pricing and exits even under market stress. Tokens that don’t meet this standard are effectively deposit receipts. They confirm ownership, but don’t enable capital efficiency. Collateral readiness = the difference between a receipt and a primitive. Learn more about how to distinguish between higher and lower quality LSTs: x.com/StructuredFi/s…

maxBTC has maintained a steady upward trajectory as BTC-denominated returns accumulate through the JLP BTC-Neutral strategy. Since deployment in late October, the exchange rate has appreciated by 56 basis points relative to BTC. Oct 23 - Dec 4 performance: - Exchange rate +56 bps - Average strategy APY 5.76% Public performance dashboard coming soon.

After much thought, we’ve made the difficult decision to wind down Drop Protocol and the Drop Foundation. Drop grew to become the largest LST in the Interchain — something we’re deeply proud of — but the current direction of the ecosystem and market conditions make it hard to sustain. We are doing our best to treat the wind down in an orderly and responsible way: - Aiming to secure ongoing maintenance of the most adopted Drop assets - For droplet holders, we are exploring distribution of revenue accumulated by the protocol so far. Thank you for believing in us and for being part of the journey.

maxBTC is now yield bearing! The strategy is live, yield accrual has started, and deployment costs came in lower than expected at ~10 bps (vs. 30 bps estimated). APY will appear in the vault UI over the next few days as oracles update.

Following yesterday’s market volatility, systems operated as expected with all monitoring and risk controls functioning smoothly. Liquidation fees captured during the drawdown contributed positively to maxBTC’s performance.

maxBTC is here. Two vaults are open for deposits on @Neutron_org: - Mint maxBTC to earn BTC-denominated yield - Provide liquidity in the maxBTC/WBTC Supervault for maxBTC exposure + market-making yield Get maxBTC: structured.money/vaults

Farming NTRN rewards from Bitcoin Summer? You know what to do when it’s time to claim. Stake NTRN with Drop → get dNTRN. Stay liquid, earn more, fuel your favorite ecosystem 💧

No Bitcoin Summer without maxBTC. Liquid, yield-bearing Bitcoin with sustainable, BTC-denominated returns from real market activity. Access opens soon through two vaults on @Neutron_org. Learn more: @Structured/maxbtc-vaults-on-neutron-b4e6bcd17c57" target="_blank" rel="nofollow noopener">medium.com/@Structured/ma…

Bullish on Supervaults? Curious about $DROP? Join us live tomorrow at 4PM UTC to discuss dATOM Supervaults, DROP token and next steps toward TGE. Be there 💧

Gotta like real yield.

@CewtsCult @dropdotmoney Pleading the Fifth

@vanhonkin @dropdotmoney This is the only stuff getting announced this week right? RIGHT?

Oh man the @dropdotmoney announcement was already epic enough today, but now this TOOO?!?!?!?!?!?! Ughhh here I go read'n again

One asset, infinite strategies. BTC exposure + BTC-denominated yield. Unified liquidity for DeFi integrations. maxBTC explained: @Structured/maxbtc-explained-9455eaae1edf" target="_blank" rel="nofollow noopener">medium.com/@Structured/ma…

Take a first look at the $DROP token 🥚 Token utility? Vesting? Distribution? All detailed here👇 @drop_protocol/introducing-the-drop-token-dcd58f7a6140" target="_blank" rel="nofollow noopener">medium.com/@drop_protocol…