Maestro Institutional/Research/Weekly Report #6 · May 4 – May 10, 2026
Weekly Report #6Reports · May '26

Volume climbs sixfold.

Trading through the Bitcoin Solver protocol reached 6.46 BTC in May 4 – May 10, 2026 — the highest weekly volume of the trailing 6 weeks — on 45 settled trades. Trailing net yield stands at 33.59% BTC APY.

Marvin Bertin
CEO, Maestro
Bitcoin Solver performance
Activity on the Bitcoin Solver protocol accelerated sharply in May 4 – May 10, 2026. Settled volume reached 6.46 BTC, up 511.9% from the prior week and the highest weekly figure of the trailing 6 weeks. The count of settled trades rose to 45, 221.4% above the prior week.

The week in numbers.

— EXHIBIT 1 / SOLVER VOLUME & NET YIELD · TRAILING 6 WEEKS

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

Weekly volume · ₿Net yield · BTC APY
— Volume
6.46 ₿$0.5M
▲ 511.9% WoW
— Trades
45
▲ 221.4% WoW
— Wk yield
107.5 bps
▲ 95.5 WoW
— BTC APY
33.6%
trailing 4 wks
Source: Solver protocol settlement data · BTC-denominated, net of fees · Week of May 4 – May 10, 2026

Solver performance.

Flow concentrated on the Ethereum leg. The BTC → WBTC route accounted for 60% of weekly volume and the return WBTC → BTC route took most of the remainder, leaving the Base-side pairs marginal; 99.2% of settlement cleared through Ethereum.

A single week's yield annualizes from a thin sample, so it is best read against trend rather than as the product's rate of return. The week's settlement yield ran above its trailing pace, but on a trailing basis net yield stands at 33.59% BTC APY — keeping realized return within its recent range even as weekly volume set a fresh high.

Highest weekly volume of the trailing 6 weeks (6.4633 BTC / $0.5M).— Volume record
— EXHIBIT 2 / SETTLEMENT MIX · WEEK OF 2026-05-04

Where volume settled, by chain and route.

— Destination chains · share of settled volume
ethereum 99.2%base 0.7%
Route · chainVol. ₿TradesShareWoW
BTC WBTCBitcoin → Ethereum3.88371560.0%+578.5%
WBTC BTCEthereum → Bitcoin2.53261339.1%+431.9%
BTC cbBTCBitcoin → Base0.026640.4%
cbBTC BTCBase → Bitcoin0.0202130.3%
Week total6.463345
Source: Solver protocol settlement data · BTC-denominated · Week of May 4 – May 10, 2026

The record to date.

The Solver protocol has settled 16.57 ₿ across 143 trades in the 6 weeks since inception on April 1, 2026 — net-positive in 6 of them.

— EXHIBIT 3 / THE RECORD · SINCE APRIL 1, 2026

The latest month against every month before it.

MonthVol. ₿TradesBTC APYMoM
April 202610.099417.6%
Since inception16.5714324.5%
Source: Solver protocol settlement data · BTC-denominated, net of fees · Complete months only

Credit programs.

Mezzamine Mining Loan I
BTC mining loan
Active
Repayment progress0.0983 / 2.00 BTC · 5%
Raised2.00 BTCDeployed2.00 BTC

Mezzamine Mining Loan I remains active and performing to schedule. The full 2.00 BTC committed to the borrower is deployed, with 0.0983 BTC — roughly 5% of principal — repaid to date. Deposits and repayments settle in native Bitcoin.

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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