> ## 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 it works

> The flow every vault shares: deposit in BTC, earn, and redeem in BTC.

export const Banner = ({src, alt = "", ratio = "16 / 7", position = "center", radius = "2px"}) => <img src={src} alt={alt} style={{
  display: "block",
  width: "100%",
  aspectRatio: ratio,
  objectFit: "cover",
  objectPosition: position,
  borderRadius: radius,
  margin: "0.25rem 0 1.75rem"
}} />;

<Banner src="/images/section-fitzroy.jpg" alt="Cerro Fitz Roy lit by pink alpenglow at dawn, Patagonia" />

Bitcoin is the largest pool of pristine collateral ever produced. Maestro helps you put it to work in **productive and sustainable investment vehicles**.

* Every *vault* is **Bitcoin-denominated**: *BTC in -> earn -> BTC out*.
* Every *strategy* is anchored by **productive capital markets**: block production, secured lending, and solver liquidity (no token incentives).

<Steps>
  <Step title="Select strategy">
    Choose a curated [Yield Vault](/yield-vaults/vault-directory) or [myBTC](/mybtc/overview), matched to your mandate and preferred yield type.
  </Step>

  <Step title="Deposit">
    Deposit directly into the vault contracts on-chain, or through a qualified custodian — available [custody options](/concepts/hybrid-custody) depend on the vault.
  </Step>

  <Step title="Earn">
    Your active position accrues yield in Bitcoin, earned from block production, secured lending, and solver liquidity. Positions and NAV are tracked live in [Treasury Manager](/treasury-manager/overview).
  </Step>

  <Step title="Withdraw">
    Withdraw natively in BTC or wBTC. Redemption schedule is set at the vault level.
  </Step>
</Steps>

```mermaid theme={null}
flowchart LR
    A[Select strategy<br/>vault or myBTC] --> B[Deposit<br/>your custody option]
    B --> C[Earn<br/>yield accrues in BTC]
    C --> D[Withdraw<br/>native BTC]
    D --> A
```

<Info>
  Maestro Institutional is built for qualified allocators and accredited investors — not retail. The vault lineup is public to review; participating runs through [onboarding](/get-started/getting-started), where eligibility is verified — and KYC completed where the vault requires it — before deposit.
</Info>

<CardGroup cols={2}>
  <Card title="Start onboarding" icon="circle-play" href="/get-started/getting-started">
    Both paths begin with a conversation with the team; eligibility and KYC follow.
  </Card>

  <Card title="Browse the vaults" icon="layout-grid" href="/yield-vaults/vault-directory">
    The current lineup, yield levels, and terms.
  </Card>
</CardGroup>