[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Javilo [@JaviLopezDiaz_](/creator/twitter/JaviLopezDiaz_) on x 1581 followers Created: 2025-07-21 10:45:04 UTC 🧵 Hi legends, today i want to gift you one of the best threads of the day: The Productive-BTC Showdown: LBTC vs eBTC vs stBTC 1️⃣ Why this matters “Passive Bitcoin” is suddenly real: three protocols now pay you to hold BTC without selling it. But their economics differ wildly, so the wrong pick can nuke your yield. 2️⃣ LBTC (@Lombard_Finance) • 📦 Collateral: X BTC staked → X LBTC (full-reserve). Lombard • 💸 Yield: ~3 % BTC-denominated, sourced from Babylon staking & DeFi vaults. Protocol skims X %, so holder keeps ~2.8 %. • 🚪 Exit cost: flat XXXXXX LBTC “Network Security Fee” (<0.01 % at spot). • ⌛ Unstake delay: 7-9 days (Babylon unbond + Lombard rebalance). 3️⃣ eBTC (BadgerDAO) • 📦 Collateral: over-collateralised CDP, min XXX % stETH/ETH. Medium • 💸 Yield: X % to you, stETH yield stays with the CDP. Pure cheap leverage. • 🚪 Exit cost: redemption fee floor X % + variable base rate (rises when redemptions spike). BadgerDAO • ⚠️ Risk: if stETH/BTC correlation breaks, CDPs can be liquidated. 4️⃣ stBTC (Mezo/Botanix) • 📦 Collateral: X BTC bridged → X stBTC; BTC locked, rewards auto-compound. Binance • 💸 Yield: network-fee share, currently ranges ~1–2 % (can spike higher when activity does). Cryptohopper • 🚪 Exit cost: standard bridge fee (varies with Bitcoin L1 congestion). • ⚡ Upside: you’re long Mezo L2 adoption; fees rise as tx volume grows. 5️⃣ Key comparisons • Yield source: LBTC = Babylon staking ➜ predictable; eBTC = none; stBTC = L2 usage-driven. • Collateral risk: LBTC & stBTC can’t be liquidated; eBTC can, if collateral < XXX %. • Liquidity friction: LBTC cheapest to redeem; eBTC most expensive; stBTC variable. • User fit: – Income maxi → LBTC – Leverage trader → eBTC (loop it on perps) – L2-believer & yield optionality → stBTC 6️⃣ My public wallet • XXXX LBTC • XXXX eBTC • XXXX stBTC Total = XXXX BTC ≈ $XXX K at $XXXXX K/BTC. CoinGecko Rationale: I farm basis trades with eBTC, while LBTC & stBTC sit in a long-term “real-yield” bucket. 7️⃣ Takeaway There’s no single “best” productive-BTC token, only the one whose reward mechanics (and risks) match your strategy. Know the yield path, know the exit cost, and size positions accordingly. What’s in your productive-BTC stack?  XX engagements  **Related Topics** [lombardfinance](/topic/lombardfinance) [stbtc](/topic/stbtc) [lbtc](/topic/lbtc) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [Post Link](https://x.com/JaviLopezDiaz_/status/1947246441669292223)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Javilo @JaviLopezDiaz_ on x 1581 followers
Created: 2025-07-21 10:45:04 UTC
🧵 Hi legends, today i want to gift you one of the best threads of the day: The Productive-BTC Showdown: LBTC vs eBTC vs stBTC
1️⃣ Why this matters
“Passive Bitcoin” is suddenly real: three protocols now pay you to hold BTC without selling it.
But their economics differ wildly, so the wrong pick can nuke your yield.
2️⃣ LBTC (@Lombard_Finance)
• 📦 Collateral: X BTC staked → X LBTC (full-reserve). Lombard
• 💸 Yield: ~3 % BTC-denominated, sourced from Babylon staking & DeFi vaults. Protocol skims X %, so holder keeps ~2.8 %.
• 🚪 Exit cost: flat XXXXXX LBTC “Network Security Fee” (<0.01 % at spot).
• ⌛ Unstake delay: 7-9 days (Babylon unbond + Lombard rebalance).
3️⃣ eBTC (BadgerDAO)
• 📦 Collateral: over-collateralised CDP, min XXX % stETH/ETH. Medium
• 💸 Yield: X % to you, stETH yield stays with the CDP. Pure cheap leverage.
• 🚪 Exit cost: redemption fee floor X % + variable base rate (rises when redemptions spike). BadgerDAO
• ⚠️ Risk: if stETH/BTC correlation breaks, CDPs can be liquidated.
4️⃣ stBTC (Mezo/Botanix)
• 📦 Collateral: X BTC bridged → X stBTC; BTC locked, rewards auto-compound. Binance
• 💸 Yield: network-fee share, currently ranges ~1–2 % (can spike higher when activity does). Cryptohopper
• 🚪 Exit cost: standard bridge fee (varies with Bitcoin L1 congestion). • ⚡ Upside: you’re long Mezo L2 adoption; fees rise as tx volume grows.
5️⃣ Key comparisons
• Yield source: LBTC = Babylon staking ➜ predictable; eBTC = none; stBTC = L2 usage-driven.
• Collateral risk: LBTC & stBTC can’t be liquidated; eBTC can, if collateral < XXX %.
• Liquidity friction: LBTC cheapest to redeem; eBTC most expensive; stBTC variable.
• User fit: – Income maxi → LBTC – Leverage trader → eBTC (loop it on perps) – L2-believer & yield optionality → stBTC
6️⃣ My public wallet
• XXXX LBTC • XXXX eBTC • XXXX stBTC
Total = XXXX BTC ≈ $XXX K at $XXXXX K/BTC. CoinGecko
Rationale: I farm basis trades with eBTC, while LBTC & stBTC sit in a long-term “real-yield” bucket.
7️⃣ Takeaway
There’s no single “best” productive-BTC token, only the one whose reward mechanics (and risks) match your strategy.
Know the yield path, know the exit cost, and size positions accordingly.
What’s in your productive-BTC stack?
XX engagements
Related Topics lombardfinance stbtc lbtc bitcoin coins layer 1 coins bitcoin ecosystem coins pow