DLC.Link is excited to announce the integration of dlcBTC with Master Yield Platform, marking a significant milestone in enhancing yield opportunities for Bitcoin holders. This partnership allows dlcBTC holders to leverage their assets seamlessly within the Master Yield Market to generate DeFi yield safely.
The Master Yield Platform aggregates various yield-bearing Liquid-Staked Bitcoin (LST.BTC) assets, including dlcBTC, to generate yield for liquidity providers (LPs). These assets are wrapped into MSY (Master Standardized Yield), which is further split into MPT (Master Principal Token) and MYT (Master Yield Token) for efficient trading.
The Master Yield Market simplifies yield trading, removing the complexity of engaging with multiple protocols and platforms for staking and re-staking. Retail investors can directly trade Bitcoin's LST and LRT assets using dlcBTC as MPT and MYT. The integration simplifies the yield trading process, making it accessible and efficient for a broader audience.
dlcBTC holders will gain significantly from this integration. dlcBTC, a decentralized wrapped Bitcoin, offers unique features such as self-wrapping, theft-proof design, and segregated custody, ensuring high security and asset control.
By integrating with the Master Yield Platform, dlcBTC holders can now:
DLC.Link harnesses the power of Discreet Log Contracts (DLCs) to establish a theft-proof bridge between Bitcoin and Ethereum. In 2024, DLC.Link launched dlcBTC, enabling depositors to self-wrap their Bitcoin for DeFi on Ethereum while retaining full custody of their assets. This innovation transforms Bitcoin's role in DeFi, empowering depositors to engage in trading, lending, and hedging while maintaining self-sovereignty. For more details, visit www.dlc.link
Master Protocol is committed to advancing the Bitcoin ecosystem by creating a comprehensive BTCFi platform that serves as a user and asset aggregator. Our mission is to enhance the liquidity and utilization of Bitcoin assets, providing innovative solutions that cater to diverse investment needs. Our products include the Master Yield Platform, Master Liquid Staking Solution, and Master Liquid Restaking Solution, all designed to contribute significantly to the Bitcoin ecosystem.
Visit Master Protocol for more information on how to get started with dlcBTC yield trading on the Master Yield Platform.