Volume more than doubles.
Settlement volume on the Solver protocol rose 163.5% week over week to its highest weekly total to date, concentrated almost entirely in the BTC → WBTC route. Net yield annualized at 7.81% BTC APY, above its 5.49% BTC APY trailing anchor.
The week in numbers.
Each week's settlement volume and the yield it earned.
Solver performance.
Flow concentrated sharply. The BTC → WBTC route, settling from Bitcoin into Ethereum, rose to 61.1% of volume from a negligible share a week earlier, and its return leg WBTC → BTC carried most of the remainder. Ethereum accounted for the overwhelming majority of settlement, leaving the Base routes marginal for the week.
Net yield for the week annualized at 7.81% BTC APY, above the 5.49% BTC APY trailing anchor. A single week annualizes from a small sample and should not be read as the product's rate of return; the trailing figure remains the better read on the underlying rate.
BTC → WBTC (bitcoin → ethereum) rose to 61.1% of volume (from 0.3%).— Route surge
Where volume settled, by chain and route.
| Route · chain | Vol. ₿ | Trades | Share | WoW |
|---|---|---|---|---|
| BTC → WBTCBitcoin → Ethereum | 0.5197 | 4 | 61.1% | — |
| WBTC → BTCEthereum → Bitcoin | 0.3114 | 6 | 36.6% | +211.1% ▲ |
| BTC → cbBTCBitcoin → Base | 0.0102 | 5 | 1.2% | −91.0% ▼ |
| cbBTC → BTCBase → Bitcoin | 0.0082 | 4 | 0.9% | −92.3% ▼ |
| Week total | 0.8497 | 19 |
The record to date.
The Solver protocol has settled 1.17 ₿ across 30 trades in the 2 weeks since inception on April 1, 2026 — net-positive in 2 of them.
Credit programs.
Mezzamine Mining Loan I remains active, fully deployed to its borrower with repayment not yet begun. The program is BTC-denominated end to end — investors deposited native Bitcoin and are repaid in the same, with no wrapped-asset exposure on either leg.
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 →
