Welcome to the latest installment of the ShapeShift Mixology series. Today, we’ll take a closer look at two emerging strategies focused on tBTC in the realm of Bitcoin DeFi. New opportunities are emerging, these strategies enable Bitcoin holders to engage with decentralized finance in practical ways.
Let’s explore how you can enhance your investments with style.
What is tBTC?
tBTC is an ERC-20 token that allows Bitcoin holders to participate in the Ethereum DeFi ecosystem. Backed 1-to-1 by BTC, this open-source project—created by Thesis and operated by the Threshold Network—serves as a bridge between Bitcoin and decentralized finance across several blockchains, enabling holders to maximize their asset utility. You can easily trade tBTC on app.shapeshift.com, making it simple to engage with tBTC.
ShapeShift is non-custodial, meaning you retain full control of your keys and coins.
Strategy 1: tBTC-USDC with ˜27% APY
Aerodrome Pool on Base
- TVL: $366k
- Exposure: Spicy
- Risk Level: Mid
This strategy pairs tBTC with USDC in the Aerodrome Pool, offering a notable 27% APY. By combining the stability of USDC with the potential of tBTC, users can achieve substantial yields while managing a moderate level of risk.
Strategy 2: tBTC-wBTC with ˜1.53% APY
Curve Pool on Ethereum
- TVL: $22.4 million
+ ˜2.65% tAPR in CRV
- Exposure: Synthetic
- Risk Level: Low
For those seeking a more stable approach, the tBTC-wBTC strategy in the Curve Pool offers a steady 1.53% APY along with 2.65% tAPR in CRV rewards. This strategy emphasizes pure Bitcoin exposure while providing additional incentives, making it a low-risk choice for conservative investors.
How to Access These Opportunities
To get started, visit app.shapeshift.com and connect your wallet. If you don’t have any crypto yet and want to buy crypto, you can easily use our ramp solution under the Buy/Sell Crypto tab. This process is straightforward, and any purchased assets will be credited directly to your non-custodial wallet.
Once you’re all set, head over to the Trade/Bridge section. Here, you can look for the vAMM-tBTC/USDC pool or the tBTC/WBTC Curve Pool. With just a single click, you can shift between multiple chains and trade for tBTC, USDC, or wBTC.
Just search for the vAMM-tBTC/USDC and Curve Pool tBTC/wBTC tokens, and you’re ready to go. You don’t need to be a DeFi expert to dive in.
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