Maestro Institutional/Research/Weekly Report #1 · Mar 30 – Apr 5, 2026
Weekly Report #1Reports · Apr '26

2.32% BTC APY holds firm.

The first edition of the Weekly Report. Over March 30 – April 5, 2026, the Bitcoin Solver protocol settled 13 trades on 0.3224 BTC of routed volume, with net yield running at 2.32% BTC APY.

Marvin Bertin
CEO, Maestro
Bitcoin Solver performance
This is the inaugural Weekly Report on Bitcoin Solver performance and Mezzamine credit programs. Over March 30 – April 5, 2026, the Solver protocol settled 13 trades and routed 0.3224 BTC across its cross-chain pairs. Volume was light, as is typical of an opening week, and flow spread across several routes without a single dominant pair.

The week in numbers.

— EXHIBIT 1 / SOLVER VOLUME & NET YIELD · TRAILING 1 WEEK

Each week's settlement volume and the yield it earned.

Weekly volume · ₿Net yield · BTC APY
— Volume
0.32 ₿$0.0M
— Trades
13
— Wk yield
3.0 bps
— BTC APY
2.3%
trailing 4 wks
Source: Solver protocol settlement data · BTC-denominated, net of fees · Week of March 30 – April 5, 2026

Solver performance.

Most flow settled on Base-based routes, with the remainder on Ethereum. Activity split almost evenly across the leading pairs — BTC → cbBTC, cbBTC → BTC, and WBTC → BTC each drew a comparable share — so no route stood out as dominant.

Realized yield was modest in raw terms, at 3.02 bps for the week, consistent with light opening volume. On an annualized, net-of-fees basis that maps to 2.32% BTC APY. A single week annualizes from a small sample, so this figure is best read as an opening marker rather than a run-rate.

— EXHIBIT 2 / SETTLEMENT MIX · WEEK OF 2026-03-30

Where volume settled, by chain and route.

— Destination chains · share of settled volume
base 68.5%ethereum 31.4%
Route · chainVol. ₿TradesShareWoW
BTC cbBTCBitcoin → Base0.1145335.5%
cbBTC BTCBase → Bitcoin0.1066533.0%
WBTC BTCEthereum → Bitcoin0.1001231.0%
BTC WBTCBitcoin → Ethereum0.001130.3%
Week total0.322413
Source: Solver protocol settlement data · BTC-denominated · Week of March 30 – April 5, 2026

The record to date.

The Solver protocol has settled 0.32 ₿ across 11 trades in the 1 weeks since inception on April 1, 2026 — net-positive in 1 of them.

Credit programs.

Mezzamine Mining Loan I
BTC mining loan
Active
Repayment progress0.00 / 2.00 BTC · 0%
Raised2.00 BTCDeployed2.00 BTC

The credit book holds a single active program, Mezzamine Mining Loan I, now fully deployed to its mining borrower and denominated in native Bitcoin. Repayments have not yet begun, as expected for a newly deployed loan. Across all Mezzamine programs, investors deposit and are repaid in BTC.

About.

About this report. The Bitcoin Solver provides settlement liquidity for cross-chain Bitcoin flow, earning a spread on each completed settlement. Every figure here is a realized, BTC-denominated result, net of fees — not a quoted or projected rate. Because a single week is a small sample, the trailing four-week and since-inception figures are the more reliable guide to expected performance. This edition was published retrospectively at the launch of the Weekly Report; all figures are computed as of the week shown.

About the Bitcoin Solver. The Solver is one of Maestro Institutional's curated BTC yield vaults — a permissioned, compliant strategy that earns by meeting cross-chain Bitcoin demand, taking deposits and paying distributions in native BTC. Qualified investors can review the terms and live performance on the vault page.

About Maestro. Maestro is building the financial rails for the Bitcoin economy: a vertically integrated stack across data, liquidity, and credit that puts idle Bitcoin to work financing real-world activity. Our mission is to accelerate the world's transition to a financial system backed by energy and anchored by Bitcoin. More on what we're building →

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