HBTC Savings Strategy-Quick Tutorial

Define DeFi
3 min readJan 12, 2021

acSavings is a yield generating protocol that offers above industry standard returns for the ERC20 BTC asset class.

How to get HBTC

  • Go to — www.huobi.pr/en-us and deposit BTC
  • Access the “Withdraw” page, choose the token type of BTC and click “HBTC” for the chain name
  • Enter the Ethereum wallet address used to receive HBTC (e.g. MetaMask) and the amount, then click the “Withdraw” button
  • Read the statement, click and confirm
  • Wait for the confirmation and you will see the HBTC in your Ethereum wallet

How to create a Smart Account on acBTC

  • Enter acBTC dApp — https://app.acbtc.fi/
  • Click the “Connect” button in the upper right corner to connect your Ethereum wallet
  • In the Dashboard, click the “Create” button in the Overview module to create a Smart Account. Read the statement and click “Create Your Account”
  • Sign the transaction and wait for confirmation. Once confirmed, you will see a Smart Account wallet address

How to deposit HBTC tokens to Smart Account

  • In the Dashboard, click the “Deposit” button in the Overview module to deposit your HBTC tokens
  • Select “HBTC” as the token type
  • Enter the amount and click the “Deposit” button. Wait for transaction confirmation

How to transfer your HBTC tokens to Savings strategy

  • Click “Savings” and select the “HBTC” strategy
  • Click the “Approve” button to approve the transfer of tokens from your Smart Account to the savings strategies
  • Enter the amount and click the “Save” button
  • Alternatively, you can also earn in the Details Page by clicking on the three dots located on the far right of the strategy

How to claim AC and HBTC rewards

  • Click “Savings” and select the “HBTC” strategy
  • Goto the Details Page by clicking on the three dots located on the far right of the strategy
  • Click the “Claim Rewards” button on the “AC Ready for Claim” section. AC rewards will be automatically deposited to your Smart Account
  • Currently, the HBTC rewards are accrued to your savings balance. When you claim back your HBTC, the original saved balance together with the HBTC earned will be automatically deposited to your Smart Account

How to remove HBTC tokens from Savings strategy

  • Click “Savings” and select the “HBTC” strategy
  • In the claim section, enter the amount and click the “Claim” button
  • Alternatively, you can also claim in the Details Page by clicking on the three dots located on the far right of the strategy
  • Claimed HBTC tokens will be automatically deposited to your Smart Account
  • If you wish to withdraw the balance from your Smart Account, you can click the “Withdraw” button in the Overview module located on the Dashboard page

Still have questions? Join our Discord channel for live updates!

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