> ## Documentation Index
> Fetch the complete documentation index at: https://docs.gomaestro.org/llms.txt
> Use this file to discover all available pages before exploring further.

# How yield is generated

> Real economic yield from mining credit and Bitcoin liquid vaults.

Maestro's strategies source their yield from real Bitcoin-denominated economic activity, not token incentives that dilute over time.

## The mining credit flywheel

Each program on [Mezzamine](https://www.mezzamine.com/), Maestro's miner-secured credit marketplace, generates yield in the following way:

<Steps>
  <Step title="LPs deposit">
    Liquidity providers deposit BTC into a [Yield Vault](/yield-vaults/vault-framework) or [myBTC](/mybtc/overview).
  </Step>

  <Step title="Capital funds vetted miner programs">
    Mezzamine vets miners and structures first-lien, BTC-denominated credit programs, secured by reserves, hardware, and hashrate.
  </Step>

  <Step title="Miners deploy capital">
    Borrowers deploy loan proceeds into ASIC hardware — CapEx and energy that expands hashrate.
  </Step>

  <Step title="Hashrate grows">
    Additional hashrate increases the miner's share of block rewards and transaction fees.
  </Step>

  <Step title="Block rewards service the loan">
    Miners repay principal and interest from mining revenue — [currency-aligned debt](/concepts/glossary), so the loan and the collateral backing it are denominated in the same asset.
  </Step>

  <Step title="BTC yield flows to LPs">
    Repayments flow back through the vault or myBTC pool as BTC-denominated yield.
  </Step>
</Steps>

## Two yield families

<CardGroup cols={2}>
  <Card title="Mining credit">
    Powered by [Mezzamine Credit](/yield-vaults/offerings/mezzamine-credit) — secured ASIC and hashrate loans to vetted miners, repaid from block rewards. The platform's core yield engine.
  </Card>

  <Card title="Bitcoin liquid vaults">
    [Intent solver settlement](/yield-vaults/offerings/bitcoin-solver) and other liquid strategies earning spread and fees from real market activity.
  </Card>
</CardGroup>

<Card title="See the flywheel live" icon="file-badge" href="/concepts/sazmining-case-study">
  The Sazmining program — 2 BTC into 57 PH/s, paying a fixed 9% BTC yield.
</Card>