Moby, a crypto-based options protocol, has partnered with PumpBTC, a Bitcoin liquidity platform, to provide enhanced earning opportunities for Bitcoin holders.
According to the announcement, this collaboration aims to combine Moby’s advanced options trading technology with PumpBTC’s liquid staking framework, offering improved yield potential for BTC investors.
Moby is recognized as the top options protocol on Arbitrum and a prominent player across blockchain networks. It specializes in tight trading spreads and its advanced DeFi Option Vault (DOV) system. PumpBTC, on the other hand, offers BTC holders the ability to stake their assets and earn $pumpBTC, a liquid staking token that enhances capital efficiency and fosters broader participation in the DeFi ecosystem.
Through this partnership, users can deposit BTC into Moby’s Options Vaults to earn stable rewards, bolstered by PumpBTC’s staking infrastructure. Returns are automatically reinvested so that the users benefit from compounding over time. According to both firms, this approach not only ensures stable base income but also offers the potential for double-digit annualized yields.
Jose, Chief of Meme at PumpBTC, highlighted the synergy, stating,
“We’re excited to partner with Moby in building institutional-grade DeFi products. Their technology and our market presence will create significant value across Arbitrum and Berachain.”
Ben, CEO of Moby, emphasized the significance, noting that it marks a step toward expanding on-chain structured products for both institutions and individual users.
This partnership is part of a growing trend of Bitcoin-focused yield solutions in the crypto space. Recently, Canadian crypto exchange Bitrue partnered with Babylon Labs to introduce a Bitcoin-native staking rewards program. The initiative allows users to stake Bitcoin directly on the crypto exchange and earn Babylon Points and an annual 2.3% APR in BTC rewards. The firms noted this integration would provide their users with a seamless staking experience and serve as a passive income stream.
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