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Duration: 2 months
Reward Budget: $300,000 in NTRN rewards
Status: Active This page contains phase-specific information for BTCFi Phase 3. For complete step-by-step deposit instructions, see the How to Deposit guide.

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What’s New in Phase 3

Phase 3 continues the BTCFi campaign with refined multipliers and a streamlined set of eligible positions focused on the highest-impact strategies.
Leverage looping positions now earn a 2x multiplier on equity (collateral minus debt), up from 1x. This makes looping strategies more rewarding for users who want to maximize their BTC exposure.
Phase 3 focuses incentives on core strategies:
  • Astroport: Only wBTC/maxBTC and maxBTC/USDC LP positions remain eligible
  • Mars: wBTC lending is no longer part of the BTCFi campaign
  • Core protocols: Amber lending, Supervaults, and looping remain the primary venues
LST-based positions (uniBTC, solvBTC, eBTC) now earn 1x multipliers, aligning incentives with core BTC strategies while still rewarding participation.

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Phase 3 NTRN Rewards Multipliers

MultiplierActivity
6xLP in the maxBTC/USDC Supervault
5xLP in the wBTC/USDC Supervault
4x
LP in the maxBTC/wBTC Supervault
Lend wBTC on Amber
2x
Loop maxBTC with wBTC on Amber
Loop maxBTC with uniBTC on Amber
Loop maxBTC with solvBTC on Amber
Loop maxBTC with eBTC on Amber
1x
Hold maxBTC
Lend uniBTC, solvBTC, or eBTC on Amber
LP in LST Supervaults (uniBTC, solvBTC, eBTC pairs)
LP in wBTC/maxBTC on Astroport
LP in maxBTC/USDC on Astroport
Looping multiplier note: The 2x multiplier applies to your equity (collateral minus debt), not the full notional leveraged amount.

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Eligible Protocols

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wBTC Lending on Amber

Eligible positions: wBTC lending positions
Reward multiplier: 4x base (eligible for NTRN locking boosts)

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BTC LST Lending on Amber

Eligible positions: BTC LST lending (eBTC, solvBTC, uniBTC)
Reward multiplier: 1x base (eligible for NTRN locking boosts)

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Looping Strategies on Amber

Eligible positions: maxBTC looping with wBTC, uniBTC, solvBTC, eBTC
Reward multiplier: 2x on equity (eligible for NTRN locking boosts)Access:

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maxBTC Supervaults

Eligible positions: maxBTC paired with USDC, wBTC, or LSTs
Reward multiplier: 1x-6x depending on pair (eligible for NTRN locking boosts)

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wBTC Supervaults

Eligible positions: wBTC paired with USDC
Reward multiplier: 5x (eligible for NTRN locking boosts)

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BTC LST Supervaults

Eligible positions: BTC LST pairs (eBTC, solvBTC, uniBTC with wBTC or maxBTC)
Reward multiplier: 1x base (eligible for NTRN locking boosts)Access: Through app.neutron.org/bitcoin-finance
Eligible positions (Phase 3):
  • wBTC/maxBTC LP
  • maxBTC/USDC LP
Other Astroport pools are no longer eligible for BTCFi rewards in Phase 3.
Access: Through app.astroport.fi
Eligible positions: Hold maxBTC
Reward multiplier: 1x base (eligible for NTRN locking boosts)maxBTC is mintable directly on Neutron (KYC required).Access: Through app.structured.money

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Supported Assets

AssetDescriptionEligible Protocols
wBTCWrapped Bitcoin (most liquid)Amber, Supervaults, Astroport
maxBTCStructured Protocol’s yield-bearing BTC (mintable on Neutron)Supervaults, Amber (looping), Astroport
uniBTCBedrock uniBTCAmber, Supervaults
solvBTCSolv Protocol BitcoinAmber, Supervaults
eBTCEtherFi Protocol derivativeAmber, Supervaults
USDCNoble USDC for LP strategiesSupervaults, Astroport

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Phase 3 Boost Mechanics

Max boost continues to require only a 1-year lock (introduced in Phase 2).
Lock DurationMax Boost Multiplier
1 year3x
Boost Formula: Boost=min⁡(2,NTRNLockedTVLDeposited×DurationuserDurationmax (1 year)×2)\text{Boost} = \min(2, \frac{\text{NTRN}_{\text{Locked}}}{\text{TVL}_{\text{Deposited}}} \times \frac{\text{Duration}_{\text{user}}}{\text{Duration}_{\text{max (1 year)}}} \times 2) For detailed boost examples, see Rewards Guide.

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Claiming Phase 2 Rewards

If you participated in Phase 2, you have three options for claiming your NTRN rewards:

Lock & Boost

Lock your rewards immediately to boost Phase 3 earnings and earn staking rewards

Instant Claim

Claim 50% immediately and forfeit the remaining 50%

Standard Vest

Vest over 2 months to claim the full 100%

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Monitoring Your Positions

  • Dashboard: Track points and projected rewards at app.neutron.org/balance
  • Calculations: Updated daily based on position values
  • Boost status: Verify NTRN locking boost is properly applied
  • Multiplier display: Your current multiplier is shown on the BTCFi page

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Phase 3 Specifics

  • Total Budget: $300,000 in NTRN rewards
  • Distribution: Pro-rata based on points earned
  • Calculation: Daily snapshots of deposit values
  • Boost eligible: All protocols support NTRN locking boosts
  • Phase Start: Mid-January 2026
  • Phase Duration: 2 months
  • Reward Claims: Available after phase end

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Get Started

Start Participating

Visit the Neutron app to begin your Phase 3 participation

How to Deposit

Complete step-by-step deposit guide with wallet setup

Rewards Optimization

Learn about NTRN locking and boost strategies