Here’s Why Bitcoin Yield on L2s Are Drying Up, According to Two Prime
By Unchained
AI summary of the source article
Two Prime and Pareto developed a Bitcoin lending vault that collects wrapped bitcoin onchain and lends offchain to vetted borrowers. Two Prime has conducted approximately $4 billion in Bitcoin-backed loans since launching its lending operations in 2022.
Key facts
- Two Prime and Pareto collaborated to build a Bitcoin lending vault.
- Two Prime gathers wrapped bitcoin onchain while lending offchain to vetted borrowers, totaling about $4 billion in Bitcoin-backed loans.
- The vault's receipt token integrates into Morpho for looping, and Two Prime serves as a Morpho curator.
Source excerpt · Unchained
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