tBTC is now available on a new lending market, curated by @Re7Labs built on @GearboxProtocol
1/6 This enables users to lend tBTC or borrow it to gain structured exposure to Bitcoin-based DeFi strategies, such as access up to 6x leverage on uptBTC by @MezoNetwork
🧵👇 Read for more details
2/6 Why does it matter to @tBTC_project holders?
tBTC holders can lend their asset for yields, and DeFi users can borrow tBTC to access up to 6x leverage on Bitcoin-native yield strategies using uptBTC by Mezo.
This positions tBTC as a gateway to productive Bitcoin use in DeFi — trust-minimized, decentralized, and now, optimized for yields.
3/6 What is uptBTC?
uptBTC is a yield-generating Bitcoin-backed token created by @MezoNetwork via its Upshift Pre-Launch Vault. It is minted when users deposit BTC or BTC-pegged assets, such as @tBTC_project, into the vault.
4/6 Why @Re7Labs ?
Re7 Labs is the innovation arm of @Re7Capital, focused on on-chain risk curation, vault management, and DeFi ecosystem design. Launched just over a year ago, it currently curates over $550 million in DeFi vaults across multiple protocols.
Re7's tBTC lending pool also supports borrowing without leverage via multicollateral loans, allowing users to borrow tBTC against uptBTC or related assets, while retaining access to their collateral.
5/6 What does it mean for lenders?
Lending terms:
- No lockups
- No impermanent loss
- No custody risk
- Single-sided exposure deposit → Earn → Withdraw
To date, Gearbox lenders have a track record of over $ 15M in interest.
Note: Past performance is not indicative of future results.
6/6 All smart contract interactions occur within isolated Credit Accounts, a Gearbox design feature that enhances protocol security and reduces systemic risk.
See available pools and lending options here:
Disclaimer: Participation in DeFi protocols involves risks, including potential loss of funds. This is not financial advice. Users should conduct their research and assess their risk tolerance before interacting with any protocol.
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