> ## 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.

# myBTC — Mining RWA

> A yield-bearing Bitcoin token blending mining credit and liquid yield, with flexible redemption and secondary trading.

export const MYBTC_LAUNCH = "Q3 2026";

export const VaultFacts = ({vault}) => {
  const VAULTS = {
    "mezzamine-credit": {
      name: "Mezzamine Credit",
      facts: [["BTC APY", "7–10% · indicative"], ["Yield level", "Balanced"], ["Yield source", "Block production"], ["Status", "Live"], ["Yield type", "Fixed"], ["Term", "6–24 mo"], ["Fees", "See Treasury app"], ["Redemption", "Monthly P+I"], ["Min deposit", "3 BTC"], ["Collateral", "BTC · ASIC · hashrate"], ["Protection", "Delta-neutral hedge"], ["Counterparty", "Vetted miner"]]
    },
    "bitcoin-solver": {
      name: "Bitcoin Solver",
      facts: [["BTC APY", "10–15% · indicative"], ["Yield level", "High Yield"], ["Yield source", "Settlement spread (7–30 bps)"], ["Status", "Live"], ["Yield type", "Variable"], ["Term", "Auto-compound"], ["Fees", "See Treasury app"], ["Redemption", "24–48 hr"], ["Min deposit", "1 BTC"], ["Risk profile", "No directional / leverage / IL"], ["Protection", "Market-neutral"], ["Counterparty", "Solver protocol"]]
    },
    "mybtc": {
      name: "myBTC Mining RWA",
      facts: [["BTC APY", "6–10% · indicative"], ["Yield level", "Balanced"], ["Yield source", "Mining credit + liquid yield"], ["Status", "Upcoming · Q3 2026"], ["Settlement", "Native BTC"], ["Max LTV", "≤ 70%"], ["Distribution", "Compounds via mNAV"], ["Redemption", "Burn at mNAV · Secondary"], ["Min deposit", "3 BTC"], ["Fees", "See Treasury app"], ["Protection", "Delta-neutral hedge (100% notional)"], ["Custody", "Direct-to-contract · Anchorage"]]
    },
    "mezzamine-earn": {
      name: "Mezzamine Earn",
      facts: [["BTC APY", "3–4% · indicative"], ["Yield level", "Conservative"], ["Yield source", "1:1-backed reserves"], ["Status", "Upcoming"], ["Yield type", "Principal-protected"], ["Term", "—"], ["Fees", "—"], ["Redemption", "—"], ["Min deposit", "—"], ["Collateral", "BTC reserves"], ["Protection", "Principal-protected"], ["Counterparty", "Maestro (in-house)"]]
    },
    "mining-hashrate-loan": {
      name: "Mining Hashrate Loan",
      facts: [["BTC APY", "TBD"], ["Yield level", "High Yield"], ["Yield source", "Future block rewards"], ["Status", "Upcoming"], ["Yield type", "Advance"], ["Term", "1 wk–6 mo"], ["Fees", "—"], ["Redemption", "At maturity"], ["Min deposit", "—"], ["Collateral", "Hashrate · block rewards"], ["Protection", "Auto-withheld repayment"], ["Counterparty", "Vetted miner"]]
    }
  };
  const data = VAULTS[vault];
  if (!data) return <p>Unknown vault: {vault}</p>;
  const line = "1px solid rgba(128, 132, 140, 0.3)";
  return <div style={{
    display: "grid",
    gridTemplateColumns: "repeat(auto-fit, minmax(150px, 1fr))",
    borderTop: line,
    borderLeft: line,
    borderRadius: "2px",
    overflow: "hidden",
    margin: "1.25rem 0"
  }}>
      {data.facts.map(([k, v]) => <div key={k} style={{
    borderRight: line,
    borderBottom: line,
    padding: "11px 13px"
  }}>
          <div style={{
    fontFamily: '"JetBrains Mono", ui-monospace, monospace',
    fontSize: "10px",
    textTransform: "uppercase",
    letterSpacing: "0.06em",
    opacity: 0.55,
    marginBottom: "3px"
  }}>
            {k}
          </div>
          <div style={{
    fontSize: "13px",
    fontWeight: 600,
    lineHeight: 1.35
  }}>{v}</div>
        </div>)}
    </div>;
};

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/mybtc-hero.jpg" alt="The Tre Cime peaks of the Dolomites rising above green alpine meadows" position="center 30%" />

myBTC is **yield-bearing Bitcoin**: maintain long-term Bitcoin exposure while the asset itself earns yield, with **flexible redemption** and **secondary trading markets**. Two yield engines — Mezzamine mining credit and liquid solver yield — settled entirely in BTC, listed in the [vault directory](/yield-vaults/vault-directory).

<VaultFacts vault="mybtc" />

<Note>
  All yield figures are **indicative BTC APY ranges**, not guarantees. Actual returns vary by
  program, market conditions, and counterparty. Figures are net of fees and
  BTC-denominated. Past performance is not indicative of future results.
</Note>

## Where the yield comes from

Two engines generate the blended yield:

* **Mining credit** — structured mining loans: secured [Mezzamine Credit](/yield-vaults/offerings/mezzamine-credit) ASIC and hashrate loans, repaid monthly from block production. The core yield engine.
* **Bitcoin liquid vaults** — [Bitcoin Solver](/yield-vaults/offerings/bitcoin-solver) settlement spread plus a liquid BTC reserve. This engine holds the instant liquidity that enables **flexible redemption**, and absorbs capital between loan cycles.

Alongside the two engines runs a **delta-neutral, dynamic BTC hedge**: it offsets BTC price exposure to protect the pool's principal through cycles, with **counter-cyclical** protection that is strongest in bear markets. The hedge is a risk-management mandate, not a yield source — see [Dynamic hedging](/concepts/dynamic-hedging).

How the mix rebalances with loan demand — and how value accrues through mNAV — is covered in [How myBTC works](/mybtc/how-it-works).

## Why it stands out

myBTC carries the same mining exposure as [Mezzamine Credit](/yield-vaults/offerings/mezzamine-credit) — without the fixed-term constraints:

* **Mining yield, flexible terms** — Mezzamine Credit pays a fixed yield on a strict repayment schedule, with no early exit. myBTC wraps the same credit exposure in a token with flexible redemption.
* **Secondary trading markets** — the token is transferable: exit a position without waiting on redemption, or borrow against it to loop exposure.
* **Always deployed** — the liquid vaults absorb capital between loan cycles, so the position keeps earning while credit capacity fills — see [oversubscription](/mybtc/how-it-works#oversubscription).
* **Native BTC settlement** — deposit, accrue yield, and redeem entirely in Bitcoin.

This is a yield-bearing Bitcoin asset, **not a stablecoin** — myBTC is never pegged to the US dollar or any other fiat currency, and its value is denominated and redeemed entirely in BTC.

<Card title="Mezzamine — the credit engine" href="https://docs.mezzamine.com">
  This vault is powered by Mezzamine, Maestro's miner-secured credit platform. For the full
  credit mechanics — collateral, loan lifecycle, borrower diligence, and program terms — see the
  Mezzamine documentation.
</Card>

## Further reading

<CardGroup cols={2}>
  <Card title="How it works" href="/mybtc/how-it-works">
    The two yield engines, the deposit-to-redemption lifecycle, and how value accrues through mNAV.
  </Card>

  <Card title="Why BTC-denominated" href="/mybtc/why-btc-denominated">
    How myBTC compares to USD yield tokens and BTC staking.
  </Card>
</CardGroup>

## Compliance & custody

* Independently audited ([Halborn](https://www.halborn.com/))
* [TRM Labs](https://www.trmlabs.com/) screening
* Direct deposit or [Anchorage](https://www.anchorage.com/) custody

<Card title="Request early access" icon="arrow-right" href="https://www.gomaestro.org/mybtc?contact=1" horizontal>
  Join the first myBTC cohort ahead of the {MYBTC_LAUNCH} launch — via the [contact form](https://www.gomaestro.org/mybtc?contact=1), or [institutional@gomaestro.org](mailto:institutional@gomaestro.org).
</Card>

Ahead of launch, the [weekly newsletter](https://www.gomaestro.org/research#subscribe) tracks progress and vault performance; the **Investor Report** is available on approval.

<Info>
  Maestro Institutional is operated by Go Maestro Inc. and is intended for accredited investors
  and qualified allocators only. Access is permissioned and subject to eligibility verification,
  with KYC required where a vault's terms specify; it is not directed at retail investors. Bitcoin and
  Bitcoin-denominated yield products carry material market, counterparty, regulatory, and
  technology risks. Yield figures are net of fees and BTC-denominated; past performance
  is not indicative of future results. Custody options vary by vault and strategy; depending on
  the vault, investors deposit directly into vault contracts or through a qualified custodian
  (Anchorage Digital).
</Info>