Neutral Trade
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    • ⚖️Market Neutral
      • 🔥JLP Delta Neutral (USDC) Vault
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    • 🧑‍🌾Yield Enhancement
      • 🟣SOL Super Staking
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On this page
  • Explanation of the BTC Super Staking
  • Where does the yield come from?
  • What is wBTC?
  • Traditional BTC Staking Options
  • Fees & Withdrawals
  • What are the risks compared to the original JLPDN vault?
  • Check Trades Here (Drift)
  • Deposit Links:
  • Risks
  1. TRADING VAULTS
  2. Yield Enhancement

BTC Super Staking

Highest BTC real yield in the crypto space.

PreviousETH Super StakingNextIndex Vaults

Last updated 15 days ago

Explanation of the BTC Super Staking

BTC Super Staking empowers Bitcoin holders with a robust liquidity-enhancing strategy, improving decentralized exchange resilience, especially on Jupiter Perp DEX.

We acquire JLP and precisely hedge against ETH and SOL exposure, while re-establishing a full 100% BTC position via wBTC purchases in the spot market.

Where does the yield come from?

Let’s explore the key sources of yield for the staking vault:

  1. Funding fees from Perpetual Shorts on ETH and SOL (Longs usually pay shorts perps funding) —  ~40% APY and ~15% APY respectively on ETH and SOL as of 11/11/2024

Combined, these sources deliver the yield, allowing you to gain pure BTC exposure and secure consistent rewards.

What is wBTC?

Wrapped Bitcoin (wBTC) is a tokenized version of Bitcoin (BTC) that operates on other blockchains, such as Ethereum and Solana, pegged 1:1 to Bitcoin’s value. This allows BTC holders to engage with DeFi apps without selling their Bitcoin, unlocking access to a range of protocols and liquidity options beyond the Bitcoin network.

With wBTC, users can move seamlessly between Bitcoin’s value stability and Solana’s high-speed, low-cost DeFi ecosystem. When users want to redeem BTC, wBTC is burned and the equivalent BTC is released, ensuring full transparency and 1:1 backing through on-chain reserves.

Traditional BTC Staking Options

  • Pure BTC staking on common DEXs: ~8% APY

  • BTC lending on platforms: ~0.5% APY

BTC Super Staking is built to outperform, offering an enhanced yield that traditional BTC staking options can’t match.

Fees & Withdrawals

Our BTC Super Staking vault applies a 20% performance fee on profits, along with a 1% management fee, ensuring high-performance management with aligned incentives.

To optimize liquidity and returns, deposits come with a brief 1-day redemption period.

What are the risks compared to the original JLPDN vault?

Check Trades Here (Drift)

Deposit Links:

Neutral Trade Website (Main):

Drift Website (Backup):


Risks


BTC Super Staking launch date - 11 Nov.

JLP fees — 47.98% APY as of 11/11/2024 (75% of trading fees, borrowing fees, mint / burn fees, liquidation fees from traders trading on )

In addition to the risks outlined in article, we want to emphasize that depositors are fully exposed to BTC’s market performance. This means you have the potential to capture both upside gains and downside losses depending on BTC’s price movements.

🧑‍🌾
Jupiter Perp DEX
this
https://app.drift.trade/?authority=BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf
https://www.app.neutral.trade/strategies/btcnl
https://app.drift.trade/vaults/strategy-vaults/BVddkVtFJLCihbVrtLo8e3iEd9NftuLunaznAxFFW8vf
Risks of the JLP Delta Neutral StrategyMedium
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