According to Odaily, Master Protocol, a one-stop BTCFi platform, has officially launched its BTC LSDFi product, Master Yield Market. The product aims to consolidate all profitable assets within the Bitcoin ecosystem, packaging and subdividing them into MPT and MYT to provide seamless trading services. Users can participate in MPT and MYT directly through LSD, USDT, ETH, or WBTC, fully exploiting the potential of their assets to gain considerable returns.
As per the official website, the platform currently supports Bouncebit's native assets stBB and stBBTC. It plans to gradually support more Bitcoin ecosystem yield assets such as Botanix, Babylon, Lorenzo, and Bitlayer. Master Protocol is committed to becoming a one-stop Bitcoin financial platform, providing products and services for every link in the Bitcoin ecosystem's value chain.
The platform's second NFT series, 'Master Yield Pass', is set to Free Mint. Holders can share in the Yield Market platform's transaction fees after pledging, earn points from the transaction and referral pools, and receive additional point bonuses. These points can be exchanged for Master Protocol's mainnet tokens in the future.