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oBTC Strategy Guide

*Please ensure you have sufficient ETH in your wallet to pay for gas before you start.*

Part I: How to get oBTC with ERC20 BTC

  • Go to — https://www.curve.fi/obtc/, and connect your wallet (e.g. MetaMask)
  • Select the “From” token you want and the “To” token for oBTC
  • Enter the amount you want to swap, click the “Sell” button and wait for transaction confirmation. After that, the oBTC will be in your wallet

Part II: 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” (Please pay attention that it needs to wait for a while for confirmation)
  • Sign the transaction and wait for confirmation. Once confirmed, you will see a Smart Account wallet address

Part III: How to deposit oBTC tokens to Smart Account

  • In the Dashboard, click the “Deposit” button in the Overview module to deposit your oBTC tokens (You also can use the QR code or smart account address to receive the deposit)
  • Select “oBTC” as the token type
  • Enter the amount and click the “Deposit” button. Wait for transaction confirmation.

Supplemental Information

  • “Depositor’s Balance” displays the amount of oBTC token in your Ethereum wallet (e.g. MetaMask).

Part IV: How to transfer your oBTC tokens to Savings strategy

  • Click “Savings” and select the “oBTC” strategy
  • Click the “Approve” button to approve the transfer of tokens from your Smart Account to the savings strategies (If you have approved any strategies before, you can skip to the next step)
  • 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

Supplemental Information

  • Auto Savings enables the idle assets in your Smart Account to be automatically put to use by staking in various yield generating strategies

Part V: How to claim AC and oBTC rewards

  • Click “Savings” and select the “oBTC” 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 oBTC rewards are accrued to your savings balance. When you claim back your oBTC, the original saved balance together with the oBTC earned will be automatically deposited to your Smart Account

Supplemental Information

  • “AC Ready for Claim” represents the amount of AC rewards that haven’t been claimed
  • “Saved Value” represents the total value and the total amount of oBTC saved by all users
  • “APY” represents the APY of oBTC strategy
  • “oBTC Saved” represents the amount of oBTC you have transferred to the Savings strategy
  • “AC earned” represents the sum of AC claimed, AC ready for claim and AC Boosters granted that you have earned
  • The vesting period is 50 weeks in phase 1 which means 1/50 of the AC Booster Granted will be automatically deposited into your Smart Account at the start of each week
  • The Granted amount = the Vested amount + the Unvested amount

Part VI: How to remove oBTC tokens from Savings strategy

  • Click “Savings” and select the “oBTC” 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 oBTC 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

Supplemental Information

  • The balance above the “Claim” button represents the available amount that you can claim

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

💬 Join Us on our Journey!

Twitter: @ACoconutDAO

Discord: https://discord.gg/mvANFYe

Telegram: t.me/acbtc_community

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NUTS Finance
NUTS Finance

Published in NUTS Finance

Building and empowering on-chain financial applications

Define DeFi
Define DeFi

Written by Define DeFi

The collective brain behind NUTS Finance.

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