BTC collateral, USDC working

See author updates; each change needs your approval, never applied automatically.

Deposits across copies

$2.6M

Independently funded portfolios

Exposure

BTC / USDC

What the strategy holds

Net APY

9.15%

After strategy fees

Followers

589

Following strategy updates

About

What it does

Uses BTC collateral to borrow USDC, then puts the borrowed USDC into lending markets.

How it decides

Keeps a borrowing buffer and reduces debt when collateral coverage deteriorates.

Net APY

9.15%

From 8.71% on 7 Sept 2026 to 9.15% on 7 Oct 2026, 9.53% on average.

Snapshot 7 Oct 2026 · history begins 1 Aug 2026

APY breakdown

Base APY
9.87%
Incentives
+0.50 pp
Performance fee
0% of yield
Management fee
−0.20 pp / year
Author fee
10% of yield · −1.02 pp
Net APY
9.15%

Net APY is after the fees above and strategy financing costs. pp means percentage points. Author fees apply after management fees.

Net APY by day
DayNet APY
7 Oct 20269.15%
6 Oct 20268.63%
5 Oct 20268.44%
4 Oct 20268.59%
3 Oct 20268.79%
2 Oct 20268.76%
1 Oct 20268.46%
30 Sept 20268.18%
29 Sept 20268.25%
28 Sept 20268.70%
27 Sept 20269.35%
26 Sept 202610.10%
25 Sept 202611.19%
24 Sept 202612.59%
23 Sept 202613.44%
22 Sept 202613.06%
21 Sept 202611.93%
20 Sept 202610.88%
19 Sept 202610.09%
18 Sept 20269.51%
17 Sept 20269.24%
16 Sept 20269.30%
15 Sept 20269.46%
14 Sept 20269.37%
13 Sept 20268.95%
12 Sept 20268.43%
11 Sept 20268.16%
10 Sept 20268.29%
9 Sept 20268.63%
8 Sept 20268.82%
7 Sept 20268.71%

Not advice. Beware of links to other sites.

  • 0x2b7d…41f92h ago

    Why the move into Aave v3 last week? The rate gap looked small after costs.

  • harbor.ethCopy of $34.2K5h ago

    Been in since August. 9.2% net is holding up better than I expected.

  • yuki.ethCopy of $26.4K1d ago

    Does the cap per venue apply before or after the idle buffer?

  • 0x691a…7bC0Copy of $30.4K2d ago

    Would love a weekly note on what changed and why. The activity tab is good but terse.

  • tomas.baseCopy of $19.3K4d ago

    Moved my BTC here from a plain lending position. Same risk, fewer manual moves.

  • harbor.eth9d ago

    What happens to deposits if one venue pauses withdrawals?

  • lena.eth14d ago

    The fee breakdown under Net APY is the clearest I've seen. Thanks for showing it.

Figures are illustrative · Snapshot 7 Oct 2026