# 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 → <https://www.loopingcollective.org/waitlist/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