Hey Edge readers,
The world’s largest Bitcoin conference is kicking off in Nashville these next few days! It’s the premier event for all things Bitcoin, bringing together top speakers and enthusiasts to discuss the future of the largest digital currency. To celebrate, we’re excited to announce that Exponential users can now earn yield directly on their BTC.
Here's what we're covering this week:
- Your BTC just got supercharged⚡
Special offer: Earn a 3% annual reward rate* on your BTC.
- Where is all the BTC yield?
Explore the best strategies and platforms for maximizing your BTC yield today.
- Ethereum ETFs top $1B in trading volume 🗞️
Get the latest on Jito restaking, Base chain updates, and more.
Stay sharp. 🫡
-The Exponential team
Your BTC just got supercharged⚡
Calling all BTC holders, we’ve got some BIG news to share 💥
You can officially earn yield on your BTC with Exponential.fi!
Even better– we're sponsoring a 💸 3% annual reward rate* 💸 on all BTC deposits and investments made through Exponential.fi starting today through August 31, 2024.
With BTC pools generating up to 4.5% yield, that means you could be earning 7.5% yield on BTC you already hold when you invest it through Exponential.fi.
Ready to put your idle BTC to work? Deposit BTC into your Exponential.fi Wallet today to access this special limited time offer. *Terms apply.
How to fund your Exponential wallet with BTC
- Open your Exponential wallet and toggle to BTC
- Tap “Deposit” to view & copy your Exponential wallet’s deposit address
- Deposit your desired amount of BTC from your external wallet
Where is all the BTC yield?
We’re constantly on the lookout for new opportunities to help you stack Sats. Our current selection of BTC pools from Across and Vaultka offer solid options, allowing you to earn a ~4.5% APY on BTC.
To provide you with the best possible yields, we conducted a thorough analysis of all BTC pools listed on DeFiLlama with at least $500K in TVL. Here’s what we found:
- Ethereum, Arbitrum, and Avalanche chains offer the highest median yields for BTC. Arbitrum leads with a median APY of 4.19%, followed by Avalanche at 3.19%, and Ethereum at 1.78%. These chains have active DeFi ecosystems, with Avalanche also featuring a dedicated BTC bridge, making it more attractive for BTC pools.
- We further filtered to look only at BTC pools across these 3 chains. As expected, Ethereum leads the pack with 85% of the total TVL for BTC pools, followed by Arbitrum with 9% and Avalanche at 6%.
Among the top BTC pools on these chains, a few stood out:
Pool | APY | TVL | Chain |
Beefy tBTC-WBTC | 14.6% | $0.8M | Arbitrum |
Vesper WBTC | 14.6% | $1.4M | Ethereum |
Curve eBTC-tBTC | 12.2% | $0.6M | Ethereum |
Curve WBTC-tBTC | 11.4% | $3.4M | Arbitrum |
TraderJoe WBTC.E-BTC.B | 11.2% | $1.7M | Avalanche |
- Beefy tBTC-WBTC: Own a share of a Uniswap V3 liquidity pool consisting of tBTC (a decentralized alternative to WBTC) and WBTC. Earn yield over time as users swap between tBTC and WBTC on Arbitrum chain. Beefy manages the auto-rebalancing of the pool and reinvestment of fees/rewards.
- Vesper WBTC: Deposit WBTC to earn yield on BTC through various DeFi strategies on Ethereum chain. Strategies including depositing the WBTC into lending platforms to earn interest and using that collateral to take out stablecoin loans to pursue additional yield strategies.
- Curve eBTC-tBTC: Own a share of a Curve liquidity pool consisting of eBTC (a synthetic version of BTC overcollateralized by ETH and LSTs) and tBTC. Earn yield over time as users swap between eBTC and tBTC on Ethereum chain, and from protocol incentives.
- Curve WBTC-tBTC: Own a share of a Curve liquidity pool consisting of WBTC and tBTC. Earn yield over time as users swap between WBTC and tBTC on Arbitrum chain, and from protocol incentives.
- TraderJoe WBTC.E-BTC.B: Own a share of a TraderJoe liquidity pool consisting of WBTC.E and BTC.B. Earn yield over time as users swap between WBTC.E and BTC.B on Avalanche chain.
Happy stacking! 🥞
In the news
- Ethereum ETFs saw over $1B in trading volume on the first day of launch - Read
- Solana staking platform Jito enters restaking - Read
- Bitcoin Layer 2 looks to integrate Ethereum and Solana dApps - Read
- Base chain progresses on decentralization pathway as it deploys fault proofs on testnet - Read
- Clearpool launches its new institutional credit marketplace on Arbitrum - Read