BTC → strkBTC carries the week.
BTC → strkBTC took 62.8% of Solver volume. Both Mezzamine mining loans also received repayments in native BTC.
Reporting resumes. In August and September the Solver migrated its settlement layer, adding NEAR Intents alongside its existing settlement network, and weekly reporting paused while it did. This report resumes the series. From October, yields are the return gmBTC holders receive, measured on the vault's on-chain share price; the record keeps the figures published before the migration as they were.
The week in numbers.
Weekly settlement volume and net yield, before the migration and since reporting resumed.
Note. This week's figure includes route fees accrued on reverse Starknet settlements that were later found not to apply. The vault reversed them in the following week.
Solver performance.
Flow concentrated between Bitcoin and Starknet. BTC → strkBTC carried 62.8% of volume, and the reverse leg, strkBTC → BTC, added a further 12.5%. The rest ran through NEAR Intents across a set of smaller routes into Ethereum, led by nBTC → WBTC (Ethereum) at 8.4%.
Net yield for the week annualized to 18.8% BTC APY. That figure annualizes a single week, which is a small sample, so it describes this week and not the product's rate of return.
Where volume settled, by chain and route.
| Route · chain | Vol. ₿ | Trades | Share | WoW |
|---|---|---|---|---|
| BTC → strkBTCBitcoin → Starknet | 27.8388 | 30 | 62.8% | — |
| strkBTC → BTCStarknet → Bitcoin | 5.5643 | 14 | 12.5% | — |
| nBTC → WBTC (Ethereum)NEAR Intents → NEAR Intents | 3.7467 | 7 | 8.4% | — |
| nBTC → cbBTC (Ethereum)NEAR Intents → NEAR Intents | 2.8215 | 5 | 6.3% | — |
| cbBTC (Base) → cbBTC (Ethereum)NEAR Intents → NEAR Intents | 2.1607 | 4 | 4.8% | — |
| Week total | 44.3079 | 215 |
The record to date.
The Solver protocol has settled 439.92 ₿ across 2,459 trades in the 28 weeks since inception on April 1, 2026; reporting on the vault basis resumed on October 5, 2026.
The latest month against every month before it.
| Month | Vol. ₿ | Trades | BTC APY | MoM |
|---|---|---|---|---|
| April 2026 | 10.09 | 94 | 17.6% | — |
| May 2026 | 66.02 | 230 | 11.7% | +554.6% ▲ |
| June 2026 | 193.48 | 607 | 9.4% | +193.1% ▲ |
| July 2026 | 91.22 | 439 | 5.2% | −52.9% ▼ |
| August 2026 | — | — | Migration | — |
| September 2026 | — | — | Migration | — |
| Since inception | 439.92 | 2,459 | — | |
| Since October 5, 2026 | 18.8% |
Credit programs.
Mezzamine Mining Loan I received a repayment of 0.0983 BTC on October 10.
Mezzamine Mining Loan II received a repayment of 0.2458 BTC on October 10.
Both programs remain active, and each received a repayment in native BTC during the week. Mezzamine Mining Loan I has now returned 34% of its principal and Mezzamine Mining Loan II 20%.
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-October figures are the more reliable guide to expected performance.
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 Mezzamine Credit. Mezzamine is Maestro's credit marketplace for secured, BTC-denominated lending to Bitcoin miners. Maestro vets each borrower and structures each program; lenders fund them and are repaid, with interest, in BTC. The program statuses and events reported above are re-derived each week from on-chain records.
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 →
