🌾 BTC Harvester Vault - FAQ
Welcome to the BTC Harvester Vault FAQ! This guide answers common questions about Corn's automated yield aggregator for BTC-denominated assets. Whether you're curious about how it works, what assets are supported, or understanding the yield mechanics, you'll find detailed information below.
What's the goal of the vault?
The BTC Harvester Vault is an automated, one-click yield aggregator designed to maximize BTC-denominated yields in the Corn BTCFi ecosystem. By depositing compatible assets, you gain exposure to five layers of cross-chain yield.
How does the BTC Harvester Vault work?
You can deposit BTCN, wBTC, LBTC, eBTC, or cbBTC on Ethereum directly through the Corn app.
Once deposited, the vault:
- Bridges funds to the Corn Network.
- Executes BTCFi strategies managed by Veda.
- Earns multi-chain rewards across Ethereum and Corn.
- Issues vBTC, a receipt token that will unlock additional yield strategies on Ethereum in the future.
I have BTC, can I use this vault?
Yes! If you hold native BTC, you'll first need to wrap or bridge it to one of the supported assets (e.g., cbBTC on Ethereum). Once you have a compatible token on Ethereum, you can deposit it into the Vault.
Is there a lock-up? Why?
Yes, deposits are locked for 90 days, during which withdrawals are not permitted. After 90 days, you can choose to stay or submit a withdrawal request to a queue.
The lock-up ensures optimal yield growth from various strategies before harvesting begins.
What are the sources of yield?
The vault generates five layers of yield across Ethereum and Corn:
📍 On Ethereum:
- 3X Lombard Lux Points
- 3X EtherFi Points
- 3X Veda Points
🌽 On Corn:
- A proportional share of 10.5M $CORN (0.5% of total supply), accrued for vault depositors and become claimable at the end of the 90-day lock-up.
- Auto-compounding BTCFi strategies via Veda.
What is the fee structure?
0% fees for the first 30 days; then up to 20% performance fee (on native yield only) for the next 60 days
What are the risks?
Like all DeFi products, the BTC Harvester Vault carries smart contract and economic risks, including:
- Protocol risk: Dependence on the security and audits of underlying protocols.
- Liquidity risk: The 90-day lock-up period restricts withdrawals.
- Market risk: Potential fluctuations in token values.
Users are encouraged to assess these risks carefully before depositing.
I have more questions
Join our Discord to ask our support team about bridging, deposits, or advanced yield strategies.