Top Tweets for #maxBTC

BTC Summer is the most intentional thing we've ever done on Neutron. We started by asking ourselves what is needed to make DeFi on BTC a reality. The answer is that there are three components : 1) yield 2) liquidity 3) leverage BTC yields are practically non-existent across all of crypto. To solve the yield problem, we incubated maxBTC, an easy way for everyone to get great yields on BTC by just depositing or swapping into the token. But a token with yield isn't enough. Users and traders need liquidity - a way to swap and borrow BTC with little price impact. To solve this problem we built Supervaults - a dynamic, high-frequency market making protocol that anyone can deposit to. BTC Summer is the campaign to bootstrap this liquidity. And finally users need leverage. This is where Amber and Mars come in. Amber is an isolated market for BTC tokens. On Amber you can use maxBTC as collateral to borrow wBTC, solvBTC, eBTC, uniBTC and LBTC. If you want to leverage your BTC yields Amber lets you swap your borrowed tokens into maxBTC and supply them as collateral at your desired leverage in a single transaction. Mars on the other hand, allows you to use you BTC tokens as perps collateral so you can trade against them - go leverage long, basis trade by shorting, or run a long-short strategy, all while your collateral as yield. These protocols are unique in their design and only exist on Neutron. Not just because Neutron fast and cheap (which it is), but because it has unique, powerful infrastructure for applications to build on. BTC Summer is about unlocking the largest trades on the industries largest asset. But it's just the start to showing the world what Neutron can do.