BTC Yield is a BTC-denominated yield strategy designed for long-term BTC holders. BTC Yield gives a simple way to seek weekly BTC income without actively trading options.
BTC Yield is powered by options strategies – specifically, a covered call approach which aims to generate option premium by selling BTC call options. Simply subscribe with BTC in exchange for BTCY, maintain BTC-denominated exposure through BTCY, and become eligible for potential weekly BTC distributions. With competitive APY, large quotas, and direct access through Binance Earn, BTC Yield offers an intuitive way to capture returns from an institutional-grade strategy.
Weekly Distributions: The product seeks to automatically distribute BTC to your Spot Account every week.
BTC-related exposure: Your BTCY holdings are BTC-denominated, maintaining BTC-denominated exposure.
Professionally Managed Strategy: Executed by Binance team using a covered call strategy that continuously harvests option premiums as yield.
Flexible Redemption: Supports both Fast Redemption and Scheduled Redemption (bi-weekly settlement) to meet different liquidity needs.
Open-Ended Structure: No fixed maturity date.
Users subscribe with BTC in exchange for BTCY; principal and yield are settled in BTC upon redemption. The strategy systematically sells BTC call options and distributes the collected premiums as yield to holders.
Realized option premiums each week may be distributed to BTC Yield holders in two ways:
BTC Distribution: A portion of yield is automatically distributed weekly to the holder's Spot Account in BTC, proportional to their BTCY holdings.
Strategy Value Appreciation: A portion of yield remains in BTC-denominated Yield and is reflected in the daily-updated value, so the BTC amount represented by each BTCY value increases over time.
Risk Warning: BTC Yield is not principal-protected. The value of BTCY may fluctuate with market and strategy performance, and loss of your BTC principal is possible. BTC distributions are not guaranteed.
App
Step 1: Tap [More] on the App homepage.
Step 2: Go to [Earn] > [BTC Yield].
Step 3: Tap [Subscribe] and enter the amount of BTC to commit.
Step 4: Read and agree to the terms and tap [Confirm].
Website
Step 1: Navigate to the [Earn] section, select [Advanced Earn] and click [BTC Yield].
Step 2: Click [Subscribe] and enter the amount of BTC to commit.
Step 3: Read and agree to the terms and click [Confirm].
For more information, please visit the link below:
Important Risk Warning: BTC Yield is a high-risk product and is not principal protected. Users are exchanging their BTC for BTCY. The value of BTCY may rise or fall as denominated in BTC, and users may receive back less BTC than they originally allocated, including in some cases a significant loss of value or loss of the full amount allocated. Any weekly BTC distribution is not guaranteed and may be zero.
BTC Yield uses a covered call strategy, which may limit participation in upward BTC price movements. As a result, BTC Yield may underperform a direct holding of BTC, particularly in strongly rising markets. The product may also be affected by market volatility, options pricing, execution factors, fees, costs and Binance’s valuation methodology.
Redemptions of BTC Yield are subject to processing rules, valuation timing, liquidity, operational availability and possible delays. The BTC amount returned on exit is determined by the applicable valuation at the relevant processing time, not the value displayed when the request is submitted. Fast Exit or Scheduled Exit may be unavailable, delayed or subject to limits and fees.
BTC Yield is an on-platform book-entry product. It is not an on-chain token, cannot be withdrawn off-platform and cannot be transferred to another user. Participation in BTC Yield also exposes users to Binance credit risk. In the event of Binance’s insolvency, operational failure, or if BTC Yield is suspended or discontinued, users may be unable to exit promptly or recover some or all of their allocated BTC.
Users should read the BTCY Product Terms, FAQ, and General Risk Warning.
Disclaimer: Digital asset prices can be highly volatile. The value attributable to your BTCY strategy position may go down or up, and you may not receive back the amount of BTC you allocated. By participating in BTC Yield, you are converting your subscribed BTC to BTCY. BTC Yield is not capital protected, and you may lose some or all of your BTC. Any BTC Credits, APY, realised APY, illustrative yield, or similar figures shown in connection with BTCY are for information purposes only, are not guaranteed, may be zero, and refer to BTC-denominated amounts only rather than actual or predicted returns in fiat or any other digital asset such as BTC. BTC Yield uses a strategy that may underperform holding BTC directly, including in periods of strong BTC price appreciation. When you exit BTC Yield, the amount of BTC returned to you will depend on the applicable valuation at the relevant processing time, and this may be higher or lower than the valuation shown when you submitted your request. Fast Exit may be unavailable, and Standard Exit may be subject to processing windows, capacity limits, delays and fees. Binance does not provide financial, legal, tax or investment advice, and you are solely responsible for your investment decisions. For more information, please see the BTCY Terms, Terms of Use and Risk Warning.
