Introducing Master Yield Market: Unlocking Multiple Benefits of Bitcoin Yield Trading

June 14, 2024

We are thrilled to announce the upcoming launch of the Master Yield Market, the flagship product of Master Protocol. Currently, the Testnet is operational and undergoing a security audit, with the mainnet expected to launch in mid-June. Meanwhile, we will unveil a groundbreaking NFT series, the Master Yield Pass, available through a free mint to reward our early adopters. This article delves into the strategic positioning, innovative features, and forward-looking plans for the Master Yield Market.

Overview of Master Yield Market

Strategic Positioning

The Master Yield Market is designed to revolutionize the Bitcoin ecosystem by integrating a diverse array of yield-bearing assets. Our platform aims to be the cornerstone for Bitcoin yield trading, enhancing liquidity and optimizing capital efficiency in unprecedented ways.

Product Innovations

Our ambitious plan is to consolidate all yield-bearing assets within the Bitcoin ecosystem, packaging them as MSY and then segmenting them into MPT and MYT for seamless user trading. Users can engage with MPT and MYT directly through LSD, USDT, ETH, or WBTC, harnessing the full potential of these assets for significant yield generation.

MPT (Master Principal Token): This token is redeemable for one unit of the underlying asset deposited in the protocol at maturity. Investors in MPT secure a fixed yield, forgoing all variable yields and points, offering a stable and predictable investment option.

MYT (Master Yield Token): This token grants holders the yield and points of one unit of the underlying asset until maturity. Trading MYT involves sophisticated speculation on the future yield performance of the underlying asset, catering to more strategic and informed investors.

Impact on Retail Investors

The Master Yield Market democratizes yield trading, eliminating the need for complex engagement with multiple protocols and platforms for staking and re-staking. Retail investors can directly trade Bitcoin’s LST and LRT assets using USDT, ETH, or WBTC in the form of MPT and MYT, thereby unlocking substantial yield opportunities with simplicity and efficiency.

Enhancing the Bitcoin Ecosystem

Bitcoin’s Proof-of-Work (PoW) mechanism traditionally restricts holders from earning yield through direct staking. Despite Bitcoin’s dominant market capitalization, a vast amount of Bitcoin remains underutilized. To address this inefficiency, several Bitcoin Layer 2 (L2) solutions have emerged, employing diverse technological solutions to facilitate BTC staking and yield generation.

Prominent L2 solutions such as Babylon, Botanix, Bitlayer, BounceBit, B², and Merlin have pioneered various methods to enable Bitcoin staking. While Babylon utilizes remote staking, most other L2 solutions employ bridging or mirroring techniques to transfer native Bitcoin to other Proof-of-Stake (PoS) chains.

Through advanced Liquid Staking Protocols like Master Protocol, Lombard, Bedrock, Pell, and Lorenzo, users can stake Bitcoin on various L2s and receive LST (Liquid Staking Tokens) as proof of their stake. This innovation allows users to reinvest LST in multiple scenarios, ensuring yield generation without compromising liquidity. Additionally, by leveraging Restaking Protocols, users can stake LST to receive LRT (Liquid Restaking Tokens), further amplifying their investment capabilities.

Staking & Restaking will provide users with network and protocol rewards, making the aforementioned LST and LRT yield-bearing assets. We categorize them as Single/Double Layer Yield Tokens. Looking ahead, the development of Babylon’s new AVS, the broader recognition of App Chain value, and the growth of Dapps and Memes on other L2s are set to create new Compatible Yield-bearing Tokens within the Bitcoin ecosystem.

Master Yield Market will consolidate these diverse assets, offering them as MPT and MYT for user trading. This strategic integration will provide unparalleled access to the Bitcoin ecosystem, significantly enhancing Bitcoin’s liquidity and capital utilization, propelling the ecosystem towards genuine prosperity and innovation.

Planned Assets for Launch

We are nearing the completion of our final development and testing phases, with the Master Yield Market poised for imminent launch. The initial assets available for trading will include BounceBit native assets (stBBTC/stBB) and BounceBit — Pell, Bitlayer — Pell protocol assets. Subsequently, we will introduce the Babylon — Lombard protocol assets. Lorenzo is developing a comprehensive LST Chain to support multiple L2 assets, which we will integrate upon its launch. Naturally, our Botanix-Master Protocol assets will also be available on the Master Yield Market once it is live.


The launch of the Yield Market is on the horizon, marking the inception of the first platform dedicated to Bitcoin asset yield trading. Accompanying this launch will be a series of incentive campaigns, including the free mint of Master Yield Pass, which offer a share of platform commissions and additional airdrop points from trading and referral pools.

Stay tuned for further announcements detailing specific launch dates and additional information. This is your opportunity to be at the forefront of a transformative leap in the Bitcoin ecosystem.