How to Deposit YBTC.B to Plume Defi Vault?

<aside> 💡

• Bitlayer uses BitlayerBTC as gas fee.
• If you do not have gas in your wallet, please use Flash Bridge on Bitlayer to swap USDT from any wallet or CEX (such as Binance) to BTC, with 0 gas, fee as low as $1. Here is a quick tutorial of Flash Bridge FYI.
• If you hope to bridge a larger amount of BTC from Bitcoin Mainnet to Bitlayer chain, suggest using Bitlayer Official Bridge. The fee is 0.000012 BTC with some one-off gas. Here is a quick tutorial of Bitlayer Official Bridge. </aside>

Step 1: Visit the website https://app.bitlayer.org/btcfi/projects/7 and connect the account with the wallet.

Step 2: Input the designated amount of YBTC.B that you hope to deposit to the Plume Defi Vault to get yields and press the “Confirm” button. You will see the notice of “Deposit Success” after you have successfully minted YBTC.B.

How to Redeem PlumeYBTC.B**?**

Users could redeem their deposits anytime, and claim the funds & yields 7 days after the redemption. Press the “Redeem” button, and you will be able to redeem PlumeYBTC.B to YBTC.B instantly.

If you hope to redeem YBTC.B to BTC, YBTC.B can be redeemed instantly to BTC on the site https://www.bitlayer.org/btcfi-v2/projects/2  Press the “Redeem” button, you will be able to redeem YBTC.B to BTC. YBTC.B is 1:1 redeemable.

Note:

• To redeem PlumeYBTC.B from Plume Defi Vault to YBTC.B, you are going need to sign the contract twice, one for authorization of YBTC.B and one to confirm redeem transaction. 7 days after redeem, you can visit the original page to process the claim transaction and claim the funds & yields.
• During the 7 days of claiming funds and yields, the Vault will not generate yields.