High Yield on Wrapped Bitcoin

We are excited to share that we are introducing a new product in our Option Vault series, the WBTC Theta Vault. The WBTC Theta Vault runs an automated covered calls strategy to generate high yield on your Bitcoin.

Lending rates on Bitcoin in DeFi are generally extremely low because there is little borrow demand. For example, lending rates for WBTC on Compound are 0.4% and 0.03% on Aave. Covered Calls present an alternative strategy to generate high-yield on your WBTC, up to 20%+ APY unincentivized.

The Ribbon smart contracts significantly simplify the process of running this covered call strategy — you only need to deposit WBTC and sit back and relax. To see how the Theta Vault works under the hood, read this blog post.

You can start depositing your WBTC here.

Guarded Launch

Similar to the launch of the ETH Theta Vault, we are launching this product with a deposit cap for security reasons. We will start with 100 WBTC, and raise the deposit cap over time.