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Insights, updates, and deep dives from the BTCD team.

$62,000 to $80,000 in eight days. Some Bitcoin treasuries sold that exact move for pocket change.

August 27, 2026

$62,000 to $80,000 in eight days. Some Bitcoin treasuries sold that exact move for pocket change.

Bitcoin rallied nearly 29% in eight days. For treasuries that sold covered calls against their holdings, a modest premium became capped upside, assignment risk and potential forced buying.

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Rough Drafts of the Future

August 25, 2026

Rough Drafts of the Future

Economist Carlota Perez says blockchain alone isn't a technological revolution — but paired with AI, crypto's five "failed" cycles look like infrastructure built early for a customer that didn't exist yet.

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How RWAs and Challenger Stablecoins Are Quietly Building DeFi's Best Risk-Adjusted Yield

August 11, 2026

How RWAs and Challenger Stablecoins Are Quietly Building DeFi's Best Risk-Adjusted Yield

Tokenized RWAs hungry for TVL and challenger stablecoins spending treasury yield on distribution are converging on leverage-looping vaults on Aave, Morpho, and Kamino — producing yield that's paid from real cash flow, not printed from a token.

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Building the USD Vault on IPOR Fusion

May 13, 2026

Building the USD Vault on IPOR Fusion

How IPOR Fusion's composable fuse architecture compressed what would have been a year of integration plumbing into weeks of strategy design — and the custom sUSDS instant-withdrawal fuse we contributed back to the ecosystem.

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How We Use Morpho: A Case Study in Permissionless Lending Infrastructure

May 7, 2026

How We Use Morpho: A Case Study in Permissionless Lending Infrastructure

How Bitcoin Dollar's USD Vault uses Morpho's permissionless isolated markets to deploy sBTCD as brand-new collateral — and how a self-supplied wBTC carry trade lets the vault scale past natural supply constraints.

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sBTCD Composability: One Collateral, Two Directions

May 4, 2026

sBTCD Composability: One Collateral, Two Directions

How sBTCD's balanced 50/50 BTC/USD backing makes it the first yield-bearing collateral that can anchor both a USD-denominated and a BTC-denominated leveraged vault — same yield engine, two directions.

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Why Pooled Lending Markets Matter: A Case Study in Building on Aave

April 29, 2026

Why Pooled Lending Markets Matter: A Case Study in Building on Aave

Pooled vs. isolated lending is a layering question, not a winner. How Bitcoin Dollar's USD Vault uses Aave's pooled wBTC market and Morpho's isolated sBTCD market in the roles each is best suited for.

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USD Vault: How the Engine Works

April 2, 2026

USD Vault: How the Engine Works

A deep dive into the Bitcoin Dollar USD Vault — how USDC deposits are transformed into 2× leveraged sBTCD positions targeting 12–14% net APY, and the internal liquidity engine that makes it work.

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How the BTCD Portfolio Captures ybBTC Yield While Hedging TRD

March 23, 2026

How the BTCD Portfolio Captures ybBTC Yield While Hedging TRD

This post explains what TRD is, why it exists, and how the Bitcoin Dollar's flagship BTCD is uniquely designed to harvest ybBTC yield while actively hedging TRD at the portfolio level.

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