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Documentation Index

Fetch the complete documentation index at: https://docs.structured.money/llms.txt

Use this file to discover all available pages before exploring further.

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About maxBTC

maxBTC is liquid, yield-bearing Bitcoin that offers sustainable returns to its holders through proven BTC-denominated strategies.Key features:
  • Real BTC Yield: Attractive BTC-denominated yield from a portfolio of tested strategies, not emissions
  • LST-like Form Factor: Composable design that enables holders to leverage their BTC through DeFi integrations
  • Liquid: Withdraw anytime or trade via DEXs with minimal slippage
  • Transparent and Secure: Clear strategy mechanics and risk metrics
  • Scalable: Supports multiple strategies without manual capital rotation
maxBTC delivers real BTC yield from proven strategies, not emissions. It is liquid and composable for DeFi, scales across multiple strategies without fragmenting liquidity, and offers transparent mechanics with risk controls.
Real yield refers to returns that are generated from actual, sustainable sources (like trading fees) rather than from inflationary token emissions, points systems, or other artificial incentives.
maxBTC generates yield through tested on- and off-chain strategies. The initial strategy underlying maxBTC is based on the Jupiter Liquidity Provider (JLP) pool, which backs leveraged positions on Jupiter Perps and earns fees from trader activity.Learn more: JLP BTC Neutral Strategy
maxBTC is designed for horizontal scaling. It keeps all liquidity unified in one token while distributing risk and yield across multiple strategies. New strategies can be added without fragmenting liquidity or requiring new tokens.The minting contract coordinates multiple vaults through a single entry point. Deposits flow into the selected strategy, and all performance aggregates back into maxBTC. This ensures one liquid market and unified DEX liquidity.Learn more: Horizontal Scaling
KYC is required to ensure compliance with anti-money laundering (AML) laws and regulations. Because minting and redeeming involve direct interaction with Structured’s vaults, verification protects both participants and the protocol by ensuring assets are not used for illicit purposes. Individuals can complete KYC through zkMe with ID and proof of address, while entities can onboard through manual verification with the Structured team.

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Strategy & Risk

It is the first underlying strategy of maxBTC. Capital is allocated into the Jupiter JLP pool while short positions in SOL and ETH hedge non-BTC exposure. It preserves 1× BTC exposure and converts trading activity into BTC-denominated yield.Learn more: JLP BTC Neutral Strategy
Fee types:
  • Opening and closing fees on trades
  • Borrowing fees paid by leveraged traders
  • Protocol trading fees
  • Liquidation fees
The strategy allocates capital across two legs: approximately 70% to JLP and 30% as collateral on Ceffu, an institutional custody platform, for hedging on Binance perpetuals. The JLP side earns fees from trader activity, while the hedge neutralizes non-BTC exposure. Positions are rebalanced continuously to track pool composition and trader positioning, converting trading activity into BTC-denominated yield.
The JLP BTC Neutral strategy targets 5–10% BTC-denominated APY, based on historical performance and capacity scaling.
APY and performance figures are based on historical data and are provided for informational purposes only.
Risks include smart contract risk, liquidation risk, exchange risk, funding rate risk, and liquidity and withdrawal risk.Learn more: Risk & Controls
Liquidation would require a BTC price drop of around 45% relative to SOL or ETH before rebalancing. Historically, BTC’s largest weekly decline since 2019 has been 33.52%, below this threshold.
The liquidity pool can support withdrawals in the hundreds of millions of USD with ~0.3% slippage. Larger withdrawals may require scheduling or fees to manage slippage
Deposits are split between on-chain allocation, which is transparent and verifiable, and off-exchange custody with institutional providers. Funds are only moved to exchanges when required for strategy execution, minimizing counterparty risk.
Underlying funds are protected by limiting exchange exposure to only the unsettled balance from a 24-hour settlement cycle. In practice this balance is held in BTC, representing the net PnL of BTC, SOL, and ETH over the last 24 hours.About 30% of capital is allocated as collateral for hedging. The full 30% sits on exchange through a custodian, but during a given day 2-4% may remain unsettled. This caps potential exposure if an exchange were to fail before settlement.

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Structured Points

Structured Points recognize early participation. Points track activity across vaults and integrations and are updated weekly on a leaderboard.Learn more: structured.money/points
Points are distributed weekly based on holdings and activity. They can be earned by depositing into vaults, providing liquidity, or using maxBTC in supported integrations.Learn more: structured.money/points
Thresholds prevent balance-splitting, referral rewards benefit the referred user directly, and mechanics are applied consistently across all participants.
See current multipliers, your points and ranking at structured.money/points

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KYC and onboarding

Structured is a centralized entity and complies with applicable AML laws and regulations. All participants must complete KYC to participate in this phase and access the vault.
  • Individuals: Onboard via zkMe by submitting ID and proof of address.
  • Entities: Contact the Structured team directly for manual verification.
You will need to verify your ID and provide proof of address. This verification is performed through zkMe and packaged into a Zero-Knowledge Proof to preserve privacy.For more information, see zkMe’s FAQ: https://www.zk.me/faq-list
To start KYC for maxBTC:
  1. Go to the vault you’d like to deposit into.
  2. Connect your Ethereum wallet.
  3. Enter the amount you want to deposit and click Submit KYC.
KYC is handled through zkMe directly. The process takes just a few minutes:
  1. Pick a valid credential (passport, driver’s license, national ID).
  2. Complete verification through zkMe’s interface.
  3. Wait for approval and sign the transaction when prompted.
Once approved, your wallet will show as KYC-verified in the vault interface, and you can proceed with your deposit.For more information, see zkMe’s FAQ: https://www.zk.me/faq-list
If your KYC is not approved, you’ll see the reason instantly. Common reasons include expired ID, unclear photo, mismatched details, or being a resident/national of a restricted country. For more information, see zkMe’s FAQ: https://www.zk.me/faq-list
KYC verification is not available for users who are residents or nationals of the following countries, due to regulatory restrictions:Algeria Bangladesh Bolivia China (Mainland) Colombia Cuba Egypt Ghana India Indonesia Iran Iraq North Korea Mexico Nepal North Macedonia Russia Sudan Syria Turkey VietnamThis list may be updated in line with applicable regulations.
Yes. You can resubmit your KYC with updated documents or corrected information. For guidance, see zkMe’s FAQ: https://www.zk.me/faq-list
Yes. You can buy and trade maxBTC on Neutron’s built-in orderbook without KYC.
A minimum of 0.0001 WBTC is required to mint maxBTC.
Withdrawals are possible at any time. When withdrawing, depositors receive maxBTC on Neutron.
Larger LPs such as funds, entities, or strategic partners can contact the Structured team directly via Telegram.