How to Mint YBTC.B on Bitlayer Chain?
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- YBTC.B (CA: 0x2cd3cdb3bd68eea0d3be81da707bc0c8743d7335) is a wrapped version of Bitlayer's native BTC, designed to function as a universal cross-chain liquidity standard across both EVM and non-EVM chains. It enables users to deploy native Bitcoin liquidity seamlessly within DeFi ecosystems on multiple networks.
- Bitlayer uses BTC 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.
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Step 1: Visit the website https://app.bitlayer.org/btcfi/projects/2 and connect the account with the wallet.
Step 2: Input the designated amount of BTC that you hope to deposit to get the designated amount of YBTC.B and press the “Confirm” button. You will see the notice of “Deposit Success” after you have successfully minted YBTC.B.
Step 3: Please return to the wallet to verify the task.
How to Redeem YBTC.B to BTC on Bitlayer Chain?
Press the “Redeem” button, you will be able to redeem YBTC.B to BTC at any time. YBTC.B is 1:1 redeemable.
