Earning with ybBTC
ybBTC offers two distinct yield streams that allow users to earn returns: Trading Yield and Token Yield.
- Trading Yield: Fees from the underlying pool increase ybBTC’s price per share over time. This is automatic — no action is required.
- Token Yield: Staking LP tokens in the pool’s gauge to earn YB token emissions.
(Q: Can you actually stake ybBTC tokens directly, or does staking only apply when choosing Token Yield during BTC deposit?)
The protocol’s admin fee is dynamic: when more ybBTC is staked, the admin fee increases. Borrower fees are recycled back into the LP, while the admin fee is accounted for separately and periodically transferred to the fee receiver.
Net effect: Unstaked holders benefit from core price-per-share growth from trading fees, while stakers earn YB incentives.
How to Claim YB Token Rewards
If you chose Token Yield when depositing, your position will earn YB rewards instead of trading fees. All accumulated tokens can be claimed at any time and will not expire.
- Navigate to the [Markets] page, select your pool, and go to the Token Yield tab.
- Click Claim Rewards to claim your accumulated YB tokens.
- After confirming the transaction, the YB tokens will be sent to your wallet.
todo: Can you enter a specific claim amount, or is that a UI mistake? I expected rewards to always be claimed in full.
