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
BTC drops below 68,000 USDT
Gate News bot message, Gate market display, BTC drops below 68,000 USDT, current price 67,985.2 USDT.
CryptoRadar1h ago
Bitcoin Death Cross Appears on Three-Day Chart, What Could Follow? - U.Today
Bitcoin recently formed a death cross on the three-day chart, which historically precedes significant bear market declines. This pattern suggests the potential for further downward movement in the current cycle, echoing past trends since 2014.
UToday2h ago
Bitcoin and Ethereum ETFs Record Daily Outflows While Maintaining Weekly Gains
Gate News bot message, according to the March 6 update, Bitcoin ETFs recorded a daily net outflow of 1,697 BTC (valued at $116.94 million), while maintaining a 7-day net inflow of 13,014 BTC (valued at $896.69 million). Ethereum ETFs showed a daily net outflow of 3,185 ETH (valued at $6.34 million),
GateNews3h ago
$50,000 BTC in 2026: Bloomberg's Commodities Strategist Names Bitcoin "Young Bear" - U.Today
Bloomberg analyst Mike McGlone predicts a bearish outlook for Bitcoin and silver, forecasting both to decline to $50,000 and $50 per ounce, respectively. He attributes this to market mean reversion, geopolitical tensions, stock market volatility, and Bitcoin's historical ratio to silver.
UToday3h ago
