# LoopedBTC loopedBTC (LcBTC) is a cross-chain Bitcoin yield strategy enabling BTC holders to earn \~4% base APY, plus incentives, while maintaining full Bitcoin exposure through conservative collateralized lending across Ethereum and HyperEVM ecosystems. ### What is LcBTC? LcBTC is issued as a receipt token when a user deposits into the loopedBTC protocol. LcBTC represents a user's collateralized BTC, plus any BTC yield accrued from the underlying yield strategy. Get early access to LcBTC → ### Key Info * **Target APY:** \~4% * **Performance Fee:** 20% * **Strategy Management:** Edge Capital * **Vault Infra:** UltraYield 2.0 * **Deposit Assets:** WBTC, cbBTC, soon uBTC & BTC --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.loopingcollective.org/products/loopedbtc.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.