Deposit wstBFC

wstBFC Auto-Invest Product (Base DAO)

wstBFC Auto-Invest Product (Base DAO) is an investment product that automatically manages wstBFC according to the investment strategy set by the Base Network DAO. Currently, it is managed by borrowing BtcUSD with wstBFC as collateral and depositing it in the gTrade BtcUSD Vault. The investment strategy may change in the future depending on the decision of the Base network DAO.

🎉 We are currently holding an event for those who have deposited wstBFC for more than one year! These users will receive an additional wstBFC equivalent to approximately 8% of their deposit, so please feel free to participate!

What is the Base Network DAO?

Base Network DAO is a decentralized organization that determines the investment weighting for each DeFi protocol within the Base Network. This product generates profit by operating wstBFC in accordance with the strategy established by the DAO, and distributes rewards based on these profits.

What is wstBFC, and how can I get it?

wstBFC is a liquid staking token (LSD) that allows you to freely utilize the value of BFC even after staking it. In simple terms, it acts as a 'token' that allows you to freely move BFC even after staking it, enabling you to use the staked cryptocurrency flexibly. wstBFC can be obtained by staking BFC through the Bifrost Liquid Staking serivce, Biquid

Is there a risk of liquidation for investment strategies that include collateralized loans?

The service has a feature that automatically adjusts the LTV of assets deposited within the service, automatically rebalancing before the LTV reaches a dangerous level. The risk of liquidation is very low, so you cna use the service with a peace of mind.

Now, let's take a look at how to use the wstBFC auto-invest product step by step.

If you participate in the wstBFC automatic investment product, you can check the product notice in regards to wstBFC. This product operates wstBFC according to the investment strategy decided by the Base DAO, and withdrawals may take up to one day. once you have read all the information, click the [Proceed] button.

1. Connect Wallet

Click the [Conenct Wallet] button to connect your Web3 wallet. Any wallet extension 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 wstBFC auto-invest

The first thing you need to do is enter the wstBFC auto-invest product. You can enter the product by clicking the [Add·Remove] button.

3. wstBFC auto-invest Product Notice

If you participate in the wstBFC automatic investment product, you can check the product notice in regards to wstBFC. This product operates wstBFC according to the investment strategy decided by the Base DAO, and withdrawals may take up to one day. once you have read all the information, click the [Proceed] button.

4. Deposit wstBFC

After entering the amount to be deposited in wstBFC, please sign from the linked wallet to proceed with the deposit.

5. wstBFC Deposit Complete

After signing, briefly wait and deposit will be complete!

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