1/ A new Bitcoin yield primitive is now live on Core. 💧 @bitsfinancial turns idle BTC into a liquid, composable ERC-20 asset that earns ~2.4–5% APY. Institutional custody. Real counterparties. Full composability. Introducing $BITS. 👇🧵

2/ @bitsfinancial is a Bitcoin-backed yield marketplace. Users deposit BTC, cbBTC, or wBTC → receive $BITS (ERC-20) → earn real BTC-denominated yield from institutional counterparties. BTC stays in cold storage. Yield is on-chain.

3/ Here’s how $BITS works: • Complete KYC verification • Deposit BTC, cbBTC or wBTC • BTC is locked (not lent) with top institutions • Lenders pay ~2.4% APY to encumber it • $BITS is minted on Core • Yield flows back monthly → buys & burns $BITS Your BTC works. $BITS supply shrinks. 🦾

4/ Want more? You can stake $BITS for 5 months to boost returns to ~4–5% APY. The longer you commit, the more you earn.

5/ What makes BITS unique? • BTC never leaves institutional custody • Full KYC + wallet-level proof of reserves • 32-day redemption notice (no liquidity games) • Built-in liquidity via $BITS on Core

6/ This isn’t wrapped Bitcoin. It’s upgraded Bitcoin. On-chain liquidity. Real yield. Institutional compliance. All in a single ERC-20 token backed by 1:1 BTC in cold storage.

7/ A compliant, auditable BTC yield instrument built for institutions and accredited investors. BITS bridges the gap between custody and composability. Live now on Core 👇 🔶.