> For the complete documentation index, see [llms.txt](https://docs.vishwalab.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vishwalab.com/naro-btcvp-vault.md).

# Naro BTCvp Vault

Naro BTCvp Vault is a guardrailed BTC yield vault on Pharos. Native BTC is held in custody and BTCvp - a non-rebasing, NAV-accruing token - is minted against it, while Naro (AI coordinator), Ciara (curator), and Veta (verification layer) operate the vault inside enforced constraints.

Start with the Vault Overview, then see Depositing BTC and Redeeming BTC.