We’ll go into greater depth on each strategy in the subsequent sections.
Each approach is market-neutral, meaning returns are generated from structural inefficiencies (like price spreads or funding differentials), not speculative bets on BTC’s direction. They therefore enable a consistent, transparent yield, which makes them suitable for fixed-rate BTC credit.
Each Series discloses key details upfront:
- Borrower Type: Which kind of institution does the capital support (e.g., market maker, basis trader, or delta-neutral desk).
- Collateralization: How much BTC or equivalent collateral is pledged and what structural protections apply.
- Expected APR Range: Typical yield range based on historical market conditions.
- Strategy Mechanics: How returns are generated and what market exposures exist.