Blog

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

March 13, 2026

Squaring the Square Root: A New Category of DeFi Yield

Every liquidity provider in DeFi has felt impermanent loss — the invisible tax on providing liquidity. A new design pattern called Squaring the Square Root turns this structural loss into a yield engine.

March 6, 2026

The Rebalancing Premium — How Bitcoin Dollar Mechanically Buys Low and Sells High

Every investor knows the golden rule: buy low, sell high. Almost no one does it. BTCD does it automatically — and the math behind it is more powerful than most people realize.

March 2, 2026

What Is Bitcoin Dollar (BTCD) and How Does It Work?

If you've heard about Bitcoin Dollar but aren't sure what it actually is, how it works, or why it exists — this is the article for you.

February 27, 2026

The Case for Bitcoin Dollar: Why BTCD Exists

Bitcoin is the best-performing asset of the last decade. It is also one of the hardest to hold. BTCD was built to solve that problem.

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.

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.

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.

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.

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.

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.

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.

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.

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.