1/ Stake BTC, Maintain Liquidity, Do More. Introducing xyBTC, the first yield-generating Bitcoin asset listed on Starknet. Powered by @endurfi 🧵 @endurfi 2/ What is xyBTC? xyBTC is the collective name for all LST assets offered by Endur. Since Starknet supports four different staking wrappers, Endur has created a code for each wrapper: > xWBTC → Liquid-Staken WBTC > xtBTC → tBTC > xsBTC → SolvBTC > xLBTC → LBTC @endurfi 3/ Therefore, when you stake BTC through Endur, you will receive xyBTC (xWBTC, xtBTC, xsBTC, or xLBTC) as a reward. xyBTC is a liquidity token that represents the BTC you stake and accumulates staking rewards over time. @endurfi 4/ How does it work? > Step 1: Deposit BTC into Endur: > Step 2: Receive xyBTC, your yield-generating BTC token > Step 3: Hold xyBTC; the longer you hold, the more rewards you earn. 1 xBTC deposit = 1 BTC withdrawal + STRK rewards. @endurfi 5/ Because xyBTC is liquid, you can also: > Trade on decentralized exchanges (DEXs) like AVNU > Borrow and lend on Vesu > Provide liquidity on Ekubo > Perform yield mining on Troves You can do much more while staking. @endurfi 6/ For example, you can use xyBTC to borrow USDC on Vesu. Then you can use these USDCs to: > Buy more Bitcoin > Earn yield on platforms like Extended or ForgeYields > Trade > Use it for your real-life needs with Ready Card @endurfi 8/ Therefore, your Bitcoin can now not only be held idle, but also: > Securely run on Starknet > Earn sustainable rewards through staking > Maintain liquidity for trading and DeFi applications All of this runs on Starknet. @endurfi 9/ This is not financial advice. Please do your own research. Liquidity staking carries risks, including the risk of loss.
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