What is Bitcoin yield and how does it work?

Bitcoin yield refers to the returns you can earn on your BTC holdings through various mechanisms like staking, lending, liquidity provision, or DeFi protocols. Instead of simply holding Bitcoin, you can put your BTC to work and earn additional rewards, typically expressed as an Annual Percentage Rate (APR) or Annual Percentage Yield (APY).

What is Bitcoin staking and can you stake BTC?

While Bitcoin itself uses Proof of Work and cannot be directly staked like Proof of Stake coins, you can earn staking-like rewards through wrapped Bitcoin (WBTC), liquid staking tokens, or Bitcoin Layer 2 solutions like Babylon and Stacks. These protocols allow you to earn yield on your Bitcoin while maintaining exposure to BTC price movements.

What APR can I expect from Bitcoin yield products?

Bitcoin yield rates vary significantly depending on the platform and risk level. Conservative options like centralized lending platforms typically offer 1-5% APR, while DeFi protocols and liquidity pools can offer 5-20% or higher. Higher yields generally come with increased risks.

What are the risks of earning yield on Bitcoin?

Key risks include smart contract vulnerabilities, counterparty risk (for centralized platforms), impermanent loss (for liquidity provision), and custodial risks. Some products require you to give up custody of your Bitcoin, while others use non-custodial smart contracts.

How do I choose the best Bitcoin yield product?

Consider factors like APR rates, custody type (self-custody vs. custodial), KYC requirements, minimum deposits, lock-up periods, and the platform's track record. Diversify across multiple platforms and never invest more than you can afford to lose.

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Highest APY

6.04%

(24h)

Amboss RAILS APY

1.00%

+0.00% (24h)+0.00% (24h)

Hermetica hBTC Vault APY

4.58%

+1.43% (24h)+1.43% (24h)

sBTC Dual Stacking (Base Yield) APY

0.16%

+0.00% (24h)+0.00% (24h)

21+

Protocols

$5.51B+

Total TVL

2.1%

Average APY

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Yield Products

Compare the best Bitcoin yield opportunitiesFind the Best Yield for Your Bitcoin. Compare APR rates, understand the risks, and grow your stack with confidence.

Hermetica hBTC Vault

Open

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR4.58%

CategoryVault

TVL$5.51M

Custodymultisig

Reward AssetsBTC

KYCNo

View Details

Sypher Capital Bitcoin Yield Fund

Open

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR4.40%

CategoryFund Managed

TVL$6.00M

Custodythird-party

Reward AssetBTC

KYCYes

View Details

Coinbase Bitcoin Yield Fund

Open

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR4.00%

CategoryFund Managed

TVL$0

Custodythird-party

Reward AssetBTC

KYCYes

View Details

Starknet BTC Staking

Open

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR2.81%

CategoryStaking

TVL$51.30M

Custodymultisig

Reward AssetSTRK

KYCNo

View Details

YieldBasis wBTC Vault: Token Yield

At Capacity

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR6.04%

CategoryStaking

TVL$11.43M

Custodymultisig

Reward AssetYB

KYCNo

View Details

YieldBasis tBTC Vault: Token Yield

At Capacity

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR6.02%

CategoryStaking

TVL$8.98M

Custodymultisig

Reward AssetYB

KYCNo

View Details

YieldBasis cbBTC Vault: Token Yield

At Capacity

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR4.56%

CategoryStaking

TVL$8.86M

Custodymultisig

Reward AssetYB

KYCNo

View Details

Merlin Chain

Coming soon

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR16.20%

CategoryStaking

TVL$8.59M

Custodythird-party

Reward AssetMERL

KYCNo

Coming soon

Acre

Coming soon

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR11.00%

CategoryVault

TVL$3.30M

Custodymultisig

Reward AssettBTC

KYCNo

Coming soon

Zenrock

Coming soon

Risk Score

Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability

APR3.25%

CategoryLiquid Staking

TVL$0

Custodymultisig

Reward AssetZenBTC

KYCNo

Coming soon

	availability	risk score			reward asset	category	custody	kyc
Hermetica hBTC VaultsBTC · Vault	Open	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	4.58%	$5.51M	sBTC	Vault	multisig	No
Sypher Capital Bitcoin Yield FundBTC · Fund Managed	Open	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	4.40%	$6.00M	BTC	Fund Managed	third-party	Yes
Coinbase Bitcoin Yield FundBTC · Fund Managed	Open	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	4.00%	$0	BTC	Fund Managed	third-party	Yes
Starknet BTC StakingSTRK · Staking	Open	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	2.81%	$51.30M	STRK	Staking	multisig	No
Yield Basis WBTC1 variants available	At Capacity		6.04%	$11.43M	WBTC	LP Token	Multisig	No
Yield Basis tBTC1 variants available	At Capacity		6.02%	$8.98M	tBTC	LP Token	Multisig	No
Yield Basis cbBTC1 variants available	At Capacity		4.56%	$8.86M	cbBTC	LP Token	Multisig	No
Merlin ChainMERL · Staking	Coming soon	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	16.20%	$8.59M	MERL	Staking	third-party	No
AcretBTC · Vault	Coming soon	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	11.00%	$3.30M	tBTC	Vault	multisig	No
Z ZenrockZenBTC · Liquid Staking	Coming soon	Custody & Asset ControlSmart Contract & Execution RiskYield Source & Economic SustainabilityLiquidity & Exit DynamicsTransparency & Verifiability	3.25%	$0	ZenBTC	Liquid Staking	multisig	No

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Frequently Asked Questions

Everything you need to know about Bitcoin yieldLearn more about Bitcoin yield, staking, and how to maximize your BTC returns.

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Frequently Asked Questions

What is Bitcoin yield and how does it work?

What is Bitcoin staking and can you stake BTC?

What APR can I expect from Bitcoin yield products?

What are the risks of earning yield on Bitcoin?

How do I choose the best Bitcoin yield product?

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