maxBTC
A high, real yield BTC derivative. MaxBTC has been live for > 230 days with an average BTC APY of ~10% before incentives.
Supervaults
Advanced automated market makers that leverage in-consensus oracles to protect LPs from loss while offering best execution to traders.
AmberFi
A secure and efficient isolated lending/borrowing protocol for Bitcoin derivatives. Documentation →
- Earn sustainable risk-adjusted BTC rewards without the hassle of frequently cycling through ecosystem campaigns.
- Manage your exposure according to your preferences: from most conservative (lending yields) to most aggressive (Leveraged Looped MaxBTC positions).
For detailed reward and incentive mechanics, see Rewards Guide. For important eligibility requirements and campaign terms, please review Bitcoin Summer Campaign Terms.
Campaign Structure
Phases & Timeline
The campaign is structured in successive 2-month phases, with at least 6 phases planned (12+ months total duration). Each phase has predetermined parameters set before launch:- Phase Budget: Dollar value distributed as incentives (e.g., Phase 1: $250,000 in NTRN Rewards)
- Eligible Opportunities: List of participating vaults and protocols
- NTRN Reward Multipliers: Boost mechanisms and qualification criteria

How Rewards Work
The campaign rewards actual DeFi positions on Neutron, not just vault deposits. This means:- Vault participants receive pro-rata shares of rewards earned by their vault’s underlying positions
- Direct participants earn rewards by depositing directly into eligible Neutron protocols
- Tiered accounting ensures fair distribution across multiple layers of deposits
Dollar-Denominated Rewards
Unlike traditional token farming, rewards are calculated in dollar terms throughout each phase and converted to NTRN tokens at phase end based on the final NTRN price. Example:- Alice deposits 1 BTC ($100,000) at phase start
- Earns $1,660 in rewards over 2 months (~10% APR)
- At phase end, if NTRN = $1, Alice receives ~1,660 NTRN tokens
Points System
Points System
Rewards use a points-based accounting system to ensure fair distribution:
- Daily Calculation: Points accrue daily based on USD deposit value
- Pro-rata Distribution: Phase budget distributed proportionally to total points earned
- Bonus Multipliers: Additional rewards for advanced strategies (learn more)
- Protection from Dilution: Daily calculation locks in dollar-denominated rewards
Reward Claiming & Vesting
After each Bitcoin Summer phase ends, participants have three options to claim NTRN rewards:- Boost & Earn Staking Rewards: Stake and lock instantly to boost NTRN rewards in upcoming phases by up to 3x and earn NTRN staking rewards
- Instant Claim: Instantly claim 50% and forfeit the other 50%
- Standard Vesting: Vest over 2 months to claim the full amount
Vault Rewards Model
Vault Structure & Liquidity
This forfeitable model does not apply to Structured vaults.
Component | Terms | Details |
---|---|---|
Principal | No lockup | Your principal remains fully liquid at all times. |
DeFi Rewards | No lockup | Market making spreads and lending yields are automatically compounded into your position and can be withdrawn at any time. |
NTRN Rewards | Forfeitable | Withdrawing mid-Phase forfeits that Phase’s rewards. |
Partner Aidrops | No lockup by default | In general, BTC LST Issuers do not enforce forfeitable incentives. We encourage you to reach out to the relevant asset issuers to confirm their approach. |
Choose Your Participation Path
Coming from Ethereum
Best for: Simple exposure with MetaMask and EVM wallets.
Automated vault strategies with deposits bridged to Neutron DeFi.
Native Neutron
Best for: Maximum control and advanced features
Use Keplr, Leap, or Cosmostation wallets. Direct protocol interaction with immediate boost access and higher reward potential.