Deposit cbBTC

cbBTC Savings(BTCFi)

The cbBTC Savings(BTCFi) allows you to deposit cbBTC into BTCFi, borrow BtcUSD, and then deposit the BtcUSD into BiFi to generate returns. You earn profits based on the difference between the BtcUSD deposit rate and the BtcUSD loan rate. Interest is paid in USDC on the base network when you withdraw or claim interest.

What is cbBTC, and how can I obtain it?

cbBTC (Coinbase Wrapped BTC) is a token issued on the Base network, backed 1:1 by Bitcoin (BTC) held by Coinbase. cbBTC can be obtained by swapping it for other tokens on Aerodrome.

Now, let's take a step-by-step look at how to use cbBTC Savings(BTCFi).

1. Connect Wallet

Click the [Connect Wallet] button to connect your Web3 Wallet. Any extension wallet such as Pockie, Metamask, or Rabby will work. follow the instructions for each wallet to prepare your wallet, then connect it to BTCFi Boost.

2. Entering cbBTC Savings (BTCFi)

Firstly, enter cbBTC Savings (BTCFi) by clicking the [Add·Remove] button for the cbBTC Savings product on the Home tab.

3. Deposit cbBTC

After entering the amount you want to deposit in cbBTC, sign from your linked wallet to proceed with the deposit.

4. cbBTC Deposit Complete

After signing, briefly wait and deposit will be complete!