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Two Prime launches a Bitcoin yield vault backed by $10 million of its own capital, aiming to provide institutional investors with an annualized yield of 1.5% to 2%.
Digital asset financial services firm Two Prime has launched the Axiom WBTC Yield Vault on Pareto, targeting an annualized yield of 1.5% to 2% by lending to institutional borrowers. The vault accepts Wrapped Bitcoin (WBTC) deposits with a minimum deposit of $250,000 and an initial capacity of 1,350 Bitcoin (approximately $104 million). Two Prime has committed approximately $10 million of its own capital to absorb initial losses, aiming to connect Bitcoin holders seeking yield with institutions seeking Bitcoin financing.
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