Bitcoin Earn

Automated vault strategies for Bitcoin holders. Deposit your Bitcoin assets and let professionally managed strategies handle the complexity of yield generation.

How It Works

Bitcoin Earn is a professionally managed meta-vault that accepts multiple Bitcoin asset types. Deposits are distributed across multiple underlying strategies while users receive BTCe receipt tokens representing their positions. Rewards auto-compound over time, increasing the value of your BTCe tokens. The vault runs on Veda infrastructure.

Allocation between strategies is managed continuously based on risk-adjusted performance. A single deposit gives exposure to both.

Strategies

Bitcoin Earn distributes capital across two structurally uncorrelated yield sources.

Bitcoin Money Market Strategy

Variable yield from DeFi lending markets, optimized continuously against onchain lending rates. The strategy is managed by Sentora.

Bitcoin Onchain Credit Strategy

A fixed premium paid by Flow Traders, a leading global trading firm (Euronext: FLOW), to borrow stablecoins through Cap Protocol. The rate is agreed bilaterally rather than set by utilization, and the premium accrues to depositors as Bitcoin-denominated yield. It is also available as a standalone vault.

See Bitcoin Onchain Credit Strategy for a full breakdown of the credit allocation.

The two yield sources are uncorrelated: money market yield moves with DeFi lending activity, while the credit premium is set by bilateral agreement.

Rewards

Bitcoin Earn rewards are paid in BARD tokens and distributed through Merkl . Lux points no longer apply to the vault.

Rewards accrue continuously and can be claimed every 8 hours, liquid from day one. There is no season-long wait for your yield to unlock, you claim your accrued BARD directly through Merkl.

Deposit

1. Navigate to lombard.finance/app/earn 
2. Connect your wallet
3. Select your Bitcoin asset type (LBTC, BTC.b, or native Bitcoin)
4. Input the desired amount
5. Approve the vault contract
6. Confirm the transaction to receive BTCe tokens

The dashboard updates hourly to reflect your current position.

Withdrawals

BTCe redeems exclusively for LBTC, regardless of the asset you originally deposited.

The withdrawal process:

1. Initiate a withdrawal request
2. Sign the authorization
3. Wait up to 14 days for processing
4. Receive LBTC in your wallet

Important considerations:

• You must maintain active token approvals throughout the processing period, some wallets auto-revoke approvals, which will cancel your pending withdrawal
• You can only have one active withdrawal per vault at a time
• Wait for your current withdrawal to complete before starting another

Risks

• Smart contract risk, Multiple protocol interactions introduce vulnerability; audits are available but do not eliminate all risks
• Strategy risk, Deployed strategies may underperform; losses are possible in extreme market scenarios
• Counterparty risk, The credit allocation depends on the institutional borrower meeting its payment obligations; credit exposure is never zero
• Liquidity risk, Funds remain inaccessible during the 14-day withdrawal processing window

Note: Bitcoin Earn is not available to U.S. or U.K. persons. Participation in yield strategies involves risk, including the potential loss of principal. See the Terms of Service and the Global Risk Disclosures.