🥇BTC Basis

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Complementing the SOL Basis, the BTC Basis strategy focuses purely on capturing the spread between spot and futures markets through perpetual funding rates. Using cbBTC as its spot asset, the strategy maintains the agility to adjust its perps hedges based on the funding rate environment and borrow rates. Like its SOL counterpart, it can employ up to 2x leverage when funding-borrow spreads become attractive, with dynamic position scaling that responds to vault balance and market opportunities. The strategy will initially use cbBTC as the spot asset, but may diversify into other BTC derivative assets if liquidity conditions allow.