BTC Yield
Achieve passive income while maintaining Bitcoin exposure.
*To learn more about BTC Yield, please refer to our .
Data Visualization
Conversion Rate
Drawdown Metrics
Sharpe Ratio
BTC TVL
Frequently Asked Questions
1
What is BTC Yield (BTCY)?
BTC Yield is an open-ended, BTC-denominated yield product that allows users to earn a potential BTC income.
Available through Binance Earn, BTC Yield uses a professionally managed covered call strategy to generate BTCY yield without requiring users to actively trade options themselves. The strategy generates option premiums by systematically selling BTC call options, with a portion of that premium distributed to users in BTC on a potential weekly basis.
Core Value Propositions
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Weekly BTC distributions： Seek potential BTC distributions.
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Yield structure： Earn potential weekly BTC distributions while maintaining exposure to BTC value accumulation over time.
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Systematic strategy execution： Rule-driven, no active trading required from the user.
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BTC-related exposure： Your BTCY holdings are BTC-denominated, maintaining BTC exposure.
2
What is the underlying strategy of BTC Yield?
BTC Yield uses a professionally managed BTC covered call strategy designed to generate BTCY yield while maintaining BTC exposure.
1.
BTCY strategy holds spot BTC as collateral;
2.
The strategy systematically sells BTC call options with a laddered expiration structure on Binance.
3.
The strategy collects option premiums as the core source of income.
3
Are BTCY tokens?
No, BTCY holdings are not on-chain tokens and cannot be transferred, traded, or held outside the Binance platform. BTCY is available exclusively through Binance Earn and is designed to provide users with access to the BTC Yield strategy within the Binance ecosystem. BTCY represents the user's interest in their individual strategy, as represented by the daily BTCY Conversion Rate, and is recorded solely within BTC Yield.
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BTCY cannot be transferred on-chain, held in wallets, or traded on DEX/CEX secondary markets.
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BTCY can only be subscribed and redeemed through BTC Yield.
4
At which BTCY Conversion Rate are subscriptions confirmed?
The system displays the current BTCY Conversion Rate as a reference for estimated amount. BTC Yield holdings are confirmed at the next published BTCY Conversion Rate published daily at 08:00 (UTC).
Depending on the timing of your request：
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Submitted before the Day T 08:00 (UTC) publication： Confirmed at the Day T BTCY Conversion Rate.
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Submitted after the Day T 08:00 (UTC) publication： Confirmed at the Day T+1 BTCY Conversion Rate.
Example： A user deposits BTC at 10:00 (UTC) on Day T and sees "Reference BTCY Conversion Rate = 0.95 BTC/BTCY Amount". The actual confirmation will use the BTCY Conversion Rate published at 08:00 (UTC) on Day T+1.
Note： The displayed BTCY Conversion Rate during subscription is provided as a reference only. Your final confirmed BTCY Conversion Rate will appear in your transaction history once processing is completed.
5
What fees apply to BTC Yield? Can you show an example?
Your cost of participating in BTC Yield comes from three items. We disclose all of them so you can see your total cost before subscribing.
Fee schedule：
| Redemption fee | Standard Exit 0.05% / Fast Exit 0.12% | Deducted from your BTC on redemption |
| Strategy income share | 15% of gross option-premium income (currently) | Taken from gross premiums before your yield is calculated |
| Large-redemption fee | Not charged currently | Reserved for exits above a threshold; disclosed in advance if introduced |
Redemption and large-redemption fees are explicit fees; the strategy income share is a share of the option premiums the strategy earns — you receive yield from the net (after-15%) income.
Notice of fee changes：
If any rate changes, we will publish an Announcement at least 7 days in advance, and you may exit before the change takes effect. Current rates are as shown on the product page and this FAQ.
Worked example (illustrative)：
Alice holds 10 BTCY.
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Earn (one week) — gross premium attributable to her position = 0.01 BTC
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Strategy income share (15%) = 0.0015 BTC (retained by Binance)
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Net to Alice = 0.0085 BTC (weekly BTC distribution and/or higher Conversion Rate)
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Redeem — 10 BTCY at Conversion Rate 1.05 → gross = 10.5 BTC
| Standard Exit | 0.05% | 0.00525 BTC | ≈ 10.49475 BTC |
| Fast Exit | 0.12% | 0.0126 BTC | ≈ 10.4874 BTC |
| Large-redemption | — | 0 (not charged) | — |
What Alice paid： 15% of the option premiums her position earned + a 0.05%/0.12% redemption fee on exit. All amounts are in BTC and are not guaranteed.
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