BTCFi yields are no longer just about chasing the highest APR. The market is getting more selective. Some incentives cool down, some vaults become less attractive, and capital has to keep moving toward setups that make more sense on a risk-adjusted basis. May 30 update on my $BTC positions: 📍 @Starknet / @htwtech_ validator Position remains unchanged. Still keeping this as one of the simpler and cleaner BTCFi positions in the portfolio. The main change here: I decided to take the accumulated rewards and deploy them into Prime lending on @vesuxyz , currently around ~2.26% APR. Not the highest yield on the market, but that is not really the point here. For accumulated rewards, I prefer a cleaner lending setup over forcing unnecessary risk. 📍 Citrea / @SatsumaDEX LP → Hyperithm Delta Neutral cbBTC Vault I exited the Satsuma position and re-allocated the deposit into the Hyperithm Delta Neutral cbBTC Vault on Monad by @AccountableData The original @citrea_xyz / Satsuma thesis already played out well after the airdrop registration announcement, so I’m fine taking that result and moving the capital forward. The new setup is more strategy-driven: deposited cbBTC is deployed into hedged positions designed to reduce directional market exposure while capturing yield from basis spreads, funding rates, and structured lending opportunities. 📍 @lagoon_finance / Flagship cbBTC Vault Still holding this position. APR is currently around ~4.16%. I continue to like the vault because it is not built around one simple incentive loop. It uses a multi-strategy approach across lending, liquidity provisioning, and structured opportunities, with Tulipa Capital and 9Summits managing the allocation. The bigger takeaway for me: BTCFi is becoming less about “where is the highest number today” and more about understanding what type of yield you are actually taking - lending yield, incentives, basis/funding, vault strategy, or ecosystem rewards. That is also why I’ve been using @btc_board more as my BTCFi opportunity layer lately: to discover setups, compare yield context, and track where BTC capital is actually moving before rotating.