Pinned
btLIFE has matured.
15% annualized yield. Coupon and principal have been distributed onchain today.
Called it at mint. Delivered at maturity.
Bondi offered btLIFE LPs a ~15% annualized yield at mint last November.
Now, ~50 days from maturity, the yield has compressed to ~5% as the price converges to par.
A high-carry entry resolving beautifully into maturity. Cashflow, documented credit, and a defined term onchain.
