Asset management protocols are reshaping how Bitcoin generates yield at an institutional scale. Moving beyond simple vault models, sophisticated managed strategies are now delivering fund-grade execution directly on-chain. A key mechanic driving this shift involves continuous token buybacks—particularly CORE buybacks that reinforce protocol economics.

This represents a meaningful step forward from the staking derivatives model that dominated the previous cycle. Instead of passive delegation to validators, users can now access actively managed positions with dynamic rebalancing and yield optimization. The architecture allows for granular risk stratification: from straightforward yield aggregators to complex multi-leg strategies that tap various revenue streams across the Bitcoin ecosystem.

The result? Bitcoin holders gain genuine institutional-grade tools without leaving custody, while protocols capture deeper liquidity and stickier capital.