BTC → WBTC dominates flow.
Flow concentrated in BTC → WBTC, which took 98% of the week's volume as total settlement rose 122.6% to a 7-week high.
The week in numbers.
Each week's settlement volume and the yield it earned.
Solver performance.
Volume built to 14.3892 BTC, a 7-week high, and the week's flow was unusually concentrated. BTC → WBTC (Bitcoin → Ethereum) alone accounted for 98% of the total, and settlement stayed almost entirely on ethereum at 99.1%; the smaller Base-bound and reverse routes remained active but immaterial to the total.
Realized yield for the week annualized to 11.34% BTC APY, below the trailing four-week average of 16.64% BTC APY. Because a single week annualizes from a small settlement sample, the trailing figure is the sturdier anchor for the product's yield; the week's lower reading is best read against that trailing average rather than taken as the product's rate of return.
Highest weekly volume of the trailing 7 weeks (14.3892 BTC / ..1M).— Volume record
Where volume settled, by chain and route.
| Route · chain | Vol. ₿ | Trades | Share | WoW |
|---|---|---|---|---|
| BTC → WBTCBitcoin → Ethereum | 14.1087 | 13 | 98.0% | +263.3% ▲ |
| WBTC → BTCEthereum → Bitcoin | 0.1538 | 4 | 1.0% | −93.9% ▼ |
| BTC → cbBTCBitcoin → Base | 0.0862 | 14 | 0.5% | +223.6% ▲ |
| cbBTC → BTCBase → Bitcoin | 0.0264 | 6 | 0.1% | +30.2% ▲ |
| WBTC → cbBTCEthereum → Base | 0.0103 | 1 | 0.0% | — |
| Week total | 14.3892 | 40 |
The record to date.
The Solver protocol has settled 30.96 ₿ across 183 trades in the 7 weeks since inception on April 1, 2026 — net-positive in 7 of them.
The latest month against every month before it.
| Month | Vol. ₿ | Trades | BTC APY | MoM |
|---|---|---|---|---|
| April 2026 | 10.09 | 94 | 17.6% | — |
| Since inception | 30.96 | 183 | 15.5% |
Credit programs.
Mezzamine Mining Loan I received a repayment of 0.0983 BTC on May 11. Mezzamine Mining Loan I distributed 0.0983 BTC on May 14.
Mezzamine Mining Loan I remained active through the week, with the full 2.00 BTC deployed to the borrower. It logged a scheduled repayment that was passed through to investors in native Bitcoin, bringing cumulative repayments to 0.1966 BTC — 10% of deployed principal — since the program went active.
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 →
