iBTC for Retail Traders
How it Works
While retail traders cannot directly mint iBTC, they play a crucial role in the ecosystem. Specialized merchants handle the minting process, ensuring regulatory compliance and operational efficiency. These merchants then make iBTC available on decentralized exchanges (DEXs), where you can easily acquire it.
Check out the Technology Deep Dive section to learn more about how iBTC works.
Where to Get iBTC
You can acquire iBTC by swapping for it on popular DEXs like Curve, Uniswap, and Balancer. More exchanges, both decentralized and centralized, are planned for the future, making access to iBTC even easier.
Benefits
Earn Up to 30% Yield: Put your Bitcoin to work and earn attractive returns through various DeFi strategies.
Theft-Proof Design: Your Bitcoin is protected by advanced security measures, ensuring your funds are safe even in the unlikely event of a platform issue.
Lower Fees: Enjoy reduced fees compared to other wrapped Bitcoin options, keeping more of your earnings.
Decentralized: You maintain full control of your Bitcoin throughout the process. No need to trust a third party.
Seamless DeFi Integration: Access a wide range of DeFi opportunities across multiple blockchain networks.
Getting Started
Choose a DEX: Select a DEX that supports iBTC, such as Curve, Uniswap, or Balancer.
Connect Your Wallet: Connect your wallet to the chosen DEX. Make sure you have the necessary tokens for swapping (e.g., ETH, USDC).
Swap for iBTC: Follow the DEX's instructions to swap your tokens for iBTC.
Explore DeFi: Once you have iBTC, you're ready to explore the exciting world of DeFi!
Remember: Always do your own research and understand the risks involved in DeFi before you start. If you have any questions, the iBTC community is here to help!
Use Cases
iBTC is integrated with DeFi applications across multiple chains, allowing users to earn yield on their Bitcoin through activities like staking, lending, and liquidity provision.
Some of these applications include:
Automated Market Makers (AMMs): Curve, Uniswap, and Balancer
Lending Pools: Curve Lend, Maple, and Silo
Vaults: Ajna, Convex, and Enzyme
Staking Platforms: Beefy, Karak, and Swaap
Options Trading: Jasper Vault, Hashnote, and Spectra
Coming soon: Aave & Compound (lend/borrow), Chakra (LST), Symbiotic & YieldNest (Staking/Restaking)
Visit the iBTC Earn page to explore various ways to amplify your iBTC holdings and earn 1x points for holding and 5x points for Using iBTC in DeFi Protocols.
Last updated