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.