Garden Finance Guide: Native Bitcoin 🔁 dlcBTC within 10 minutes
Step-by-step guide to acquire dlcBTC using Garden.Finance platform. Convert Bitcoin to dlcBTC for DeFi opportunities on Arbitrum. Learn the process in minutes.
Level 1: Genesis - Acquiring dlcBTC
Now that you understand the importance of putting your Bitcoin to work and the unique benefits of dlcBTC, let's walk through the process of acquiring dlcBTC using the Garden.Finance platform.
Step-by-Step Guide: Converting BTC to dlcBTC
Step 1: Connect Your Wallet
Navigate to garden.finance
Look for and click the "Connect" button to link your Web3 wallet (e.g., MetaMask)
Step 2: Configure Your Swap
Enter & verify transactions details & Refund Wallet
Select BTC as your "send" asset and dlcBTC Arbitrum as your "receive" asset
Enter the amount of BTC you wish to convert
Fill in your BTC refund address in the designated field
Review the transaction details, including fees
Click the "Initiate" button to start the process
Double-check all information before proceeding to ensure accuracy.
Step 3: Send Your Bitcoin
Send Bitcoin to Provided Deposit Address
After initiating, you'll be provided with a BTC deposit address
Copy this address carefully
Using your Bitcoin wallet, send the exact BTC amount specified to this address
Precision is crucial in this step to ensure a smooth conversion.
Step 4: Review and Confirm Transaction
Make sure you use correct deposit & refund address for a seamless swap
While waiting for confirmations, you can review your transaction details on blockchain explorers.
This swap typically takes about 10 minutes
Patience is key during this phase as order fillers process your request.
Step 5: Claim Your dlcBTC
Once confirmed, a "Claim dlcBTC" button will appear
Click this button to confirm the swap to receive your dlcBTC
Your dlcBTC will be sent to your connected wallet
Congratulations! You've successfully converted your BTC to dlcBTC.
What's Next?
With dlcBTC now in your wallet, you're ready to explore more advanced DeFi strategies. Our next level, "Advancement - Leveraging with CurveLend," will guide you through using your newly acquired dlcBTC as collateral to access even more exciting DeFi opportunities.
Remember, always conduct thorough research and understand the risks involved in DeFi investments. Your journey into Bitcoin DeFi has just begun, and we're excited to guide you through each step of the way!
About dlcBTC
As a decentralized wrapped Bitcoin, dlcBTC leverages Discreet Log Contracts (DLCs) and Chainlink's Cross-Chain Interoperability Protocol (CCIP) to provide a theft-proof bridge to cross-chain DeFi, backed by the security of the Bitcoin network. dlcBTC unlocks yield for your Bitcoin in DeFi with the benefit of lower fees and merchant self-custody, empowering users to put their Bitcoin to work.
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