BTCB Long Strategy

Risk Category: Low

Vault Information

Maximum fund size: No limit Asset Token: $BTCB ShareToken: $TeaBTCBmax $TeaBTCBmax Token contract Address: 0x7130d2A12B9BCbFAe4f2634d864A1Ee1Ce3Ead9c Locked Period: Every day 13:00 UTC+8 – 15:00 UTC+8 Note: Deposit/withdrawal requests may take up to 2 working days in the UTC+8 timezone to process and enter into the next round.


The BTCB Long Strategy supplies $BTCB on Venus Protocol to borrow $ETH for depositing into Pendle’s frxETH-ETH pool on THENA for earning yield and rewards.

The primary source of profit is $BTCB’s price increase and the surplus amount earned from fees & rewards beyond what is used to cover the loan’s interest expenses.

To sustain profitability, the strategy closely monitors and maintains the Loan-to-Value ratio of the loan by either making partial debt repayments or increasing the collateral value.

Please refer to the Strategy Design tab for more details.

Depositing & Withdrawing

  • If you request to deposit $BTCB during Round X, your funds will enter the strategy in Round X+1, and you can claim $TeaBTCBmax in Round X+1 (or later).

  • The earliest you can request to redeem $TeaBTCBmax into $BTCB will be in Round X+1, for the funds to be removed from the strategy in Round X+2. You will be able to claim the corresponding $BTCB to your wallet in Round X+2.

  • If you do not redeem $TeaBTCBmax into $BTCB, your funds will automatically continue into the following Rounds.


Teahouse will assess Platform Fees, Management Fees, and Performance Fees for this strategy.

Platform Fees

Entry fee: None / Exit fee: 0.2%

E.g., I initially invested 1,000 $USDC, and upon exit, I have 1,500 $USDC. I will have paid 1,000 * 0.1% = 1 $USDC at entry and 1,500 * 0.2% = 3 $USDC at exit, for a total platform fee of 4 $USDC.

Management Fees

1.7% (Annualized) divide by 52 weeks to get weekly fees charged: 0.03269%

E.g., I invested 1,000 $USDC, and 1 week later, the $TeaBTCBmax token value increased to 150% of the original. When exiting after a week, I will incur 1.7% * 1,500 $USDC * 1/52 = 0.49038461 $USDC. Alternatively, if it takes a full year to reach 150%, then I will incur 1.7% * 1,500 $USDC = 25.5 $USDC.

Performance Fees

10% of profits made.


Your friendly Teahouse Hosts would like to remind you that nothing contained on this website should be construed as financial advice. Teahouse makes no guarantees, express or implied. Please note the high-volatility nature of cryptocurrencies and DYOR. Be responsible for your actions and beware of scams.

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