Overview

DWC-003 is a BTC-denominated range model designed to earn and compound cbBTC. By operating on a correlated pair (cbBTC/WETH) rather than a stablecoin leg, the vault seeks longer time-in-range and steadier fee capture, turning organic market flow into incremental BTC exposure on Base.

Because principal and fees are both in cbBTC, this structure can function like a disciplined, market-driven DCA: accumulating BTC via fees instead of fresh fiat outlay.

Strategy Intent

The model prioritizes BTC-denominated fee density without hyper-narrow placements. Liquidity is centered near the corridor where cbBTC and WETH typically co-move, aiming to minimize churn versus non-correlated pairs.

Maintenance is cadence-based. Positions may drift through normal cycles to avoid unnecessary turnover and crystallizing divergence. When adjustments are warranted, accrued cbBTC fees are compounded back into principal.

Educational Value

Demonstrates how correlation and denomination choice influence persistence, fee behavior, and BTC accumulation. Reporting summarizes performance and occupancy at a high level; specific placement parameters remain proprietary.

Role in the Range Series

Complements DWC-001/002 (USD-denominated) with a BTC-denominated counterpart. Together they show how range width, asset relationship, and fee denomination shape yield stability and accumulation paths.