🔥 Bitcoin Enters the Bull Market Era: How Holders Can Find High-Yield Opportunities?
Today, BTC has upgraded from a "speculative target" to an "institutional must-have asset," entering the bull market era. Since 2020, BTC's annual growth rate has been around 30–40%, outperforming major stock indices. Investment managers who don't allocate to Bitcoin are falling behind!
BTC's market capitalization dominates the industry, and its position is as stable as Mount Tai. However, BTCFi has struggled to develop. BTC itself lacks smart contract capabilities and cross-chain composability. Recently, BTCFi has seen a wave of token distribution, but the airdrop rewards are far below expectations. The small founding team raises questions about protocol security and sustainability.
BTC Holders have long lacked high-quality yield opportunities.
⭐️ High-Yield xBTC from Major Firms is Here
Yesterday, while I was browsing, I saw OKX Wallet launching a Bitcoin xBTC package in an @Aptos activity. By depositing xBTC, USDC, or APT into @AriesMarkets, @EchoProtocol_, or @hyperion_xyz, you can share 35,865 APT rewards (approximately 200,000 USD).
Currently, storing xBTC yields an annual 6-7% return (from APT token incentives in the activity), and the xBTC-USDC LP pair yields an annual return of up to 60-70% (18% fee + 46% from APT token incentives in the activity), which is much higher than the returns from trading platform lending (actual returns may vary slightly).
⭐️ What is xBTC?
After some research, it turns out that xBTC is a 1:1 fully-backed Bitcoin mapped by @okx, with no minting or redemption fees.
xBTC has the following three selling points:
- "Reserve Proof" Transparent Custody: Stored in institutional-level secure wallets by OKX, a big brand that is more trustworthy.
- Cross-Chain Pass-Through: Move freely between Sui, Aptos, and Solana.
- DeFi Yield: BTC holders can no longer "sit idle" and can also obtain new yields.
⭐️ Security Analysis of the Activity
@AriesMarkets is the largest lending protocol on Aptos, with a current TVL of 352 million USD.
@EchoProtocol_ is the second-largest lending protocol on Aptos, with a current TVL of 267 million USD. It has received funding from institutions like The Spartan Group and Maelstrom Capital.
@hyperion_xyz is a V3 Dex invested in by OKX and Aptos, suitable for those who like holding some stablecoins—buy the bottom during a downturn, profit during an uptrend, and earn fees and rewards when there is no significant change.
Currently, these three protocols are important on Aptos. Generally, the higher the TVL of a protocol, the better its security, as large funds will conduct due diligence and even check contracts before depositing. The better the protocol's development, the more motivated the team will be to ensure security.
Moreover, this activity revolves around OKX's custody of xBTC, and it is an OKX Wallet activity, which means the OKX team will likely pay more attention to it and conduct stricter checks on the quality of partnered projects.
(Note: Even though these three protocols are high-quality projects, there are still inherent contract risks in DeFi protocols. This is just for informational sharing, not investment advice.)
⭐️ How to Participate?
1️⃣ Open the OKX Wallet, click "Receive," and click "Quick Withdraw from Exchange Account"
2️⃣ Select the currency BTC, choose the withdrawal network Aptos, which will convert the exchange's BTC to xBTC and transfer it to the Aptos network (if your address does not have Aptos, you need to withdraw a small amount of APT tokens as Gas fee)
3️⃣ Choose a protocol to interact with
You can diversify assets across multiple protocols to reduce the risk of loss from a single protocol being attacked.
⭐️ Faith in the Future
Throughout the journey, there have been too many rumors telling us this is an Alpha, that is an Alpha, leaving us dizzy with the ups and downs.
Actually, we may not need so many Alphas. Holding BTC is the best Alpha. Slow and steady wins the race! In today's era where institutions and governments fully embrace BTC, it is more worthwhile to hold it long-term than ever before!
Ledger
BiteyeCN