Prime Lending
Direct secured BTC credit at institutional size. Fixed-rate, committed for the full term.
myBTC
A yield-bearing token with diversified exposure to a full mining credit book. No lockup, redeemable through a queue.
Comparison
Prime Lending carries the higher rate because it is direct exposure to the credit, committed for the term. myBTC holds a liquid reserve sleeve to fund redemptions on demand, which lowers the blended rate in exchange for liquidity. From the launch of myBTC, a Prime Lending position that needs to exit before maturity can be sold into the myBTC secondary market, subject to available liquidity and clearing price.
The thesis behind the yield is covered in The Mining Economy and How It Works.

