Umoja launches yBTC vault offering 20%+ APY on Bitcoin

Umoja announced YBTC, a yield vault token which provides more than 20% annual return on marked bitcoin.

The launch positions YBTC as the highest product for native bitcoin, reflecting increasing opportunities for BTC holders ChallengeAccording to a shared note with Crypto.News.

Yield tokens like YBTC allow users to Win passive income marking out their bitcoin (BTC). Each token represents the share of a user in a safe, which generates yields using yield strategies between DEFI protocols and centralized exchanges.

Umoja’s commercial engine optimizes these strategies according to market conditions, providing competitive yields regardless of market trends.

“YBTC offers up to 30% APY, adjusted according to market conditions, powered by the Umoja commercial engine,” said Robby Greenfield IV, CEO and founder of Umoja Labs, in Crypto.News.

The UTE adjusts strategies to optimize performance, according to Greenfield. It is disputing sub-performative strategies to better people based on market conditions in a decision considered as a “dynamic strategy” by Umoja.

“Currently, with our neutral Delta BTC strategy, APY beach is between 5% and 30%. The UTE incorporates protocols, goalkeepers and centralized exchanges like Binance, OKX, Bybit, GMX, CEFFU and COBO to facilitate several quantitative strategies and DEFI in parallel, “said Greenfield.

Safety and transparency concerns

To respond to security concerns, Umoja’s protocol suffered audits by Quantstamp, Hacken, Certik and Cyberscope.

Meanwhile, all BTC guarantees are stored with institutional guards such as Ceffu And Cobo, ensuring the safety of assets.

“Umoja is one of the rare conforming protocols. We provide in -depth use terms and risk disclosure necessary to protect end users by taking advantage of two offshore entities dedicated to the Umoja ecosystem, “said Greenfield.

The presence of Bitcoin in DEFI increases, with approximately $ 2.35 billion currently locked in decentralized protocols. Umoja aims to extend this ecosystem by providing a sustainable and simple yield solution for BTC holders.

Unlike certain platforms which offer inflection or deception APYS Thanks to complex mechanisms, the YBTC announced 20% + APY is transparent and directly linked to actual yield strategies.

The YBTC also offers flexibility, allowing users to gain a yield without engaging in long locking periods or navigating in the complexities of the supply of arbitration or liquidity.

Acy paid in 100% bitcoin

The withdrawal of YBTC is a simple process. To recover your main BTC with any yield won, must use the “burn” function of the protocol to destroy its YBTC tokens.

However, it is important to note that the YBTC burn also forces you to burn a certain amount of Umja token. All this procedure is generally rapid, often finalizing in an hour, although it can vary depending on the blocking times of the Bitcoin network.

The protocol imposes two types of costs: performance costs of 18%, which are taken from the YBTC APY, as well as commercial entry and exit costs associated with the typing and combustion of YBTC tokens, according to Greenfield.

This product as a whole is intended for BTC holders looking for a reliable income while avoiding the risks often associated with volatile strategies.

“The BTC ecosystem is loaded from APR and Apy Dilués which are not what they seem to be,” said Greenfield. “Almost all LST BTC on the cryptographic markets of an APR which includes protocol points and rewards of foreign tokens – rather than the return on investment which is paid in BTC alone. The APY of YBTC is paid 100% in BTC – Nothing else ”