Earn Double-Digit Bitcoin Yields: A Step-by-Step Guide with iBTC

Welcome to the next step in your iBTC journey! With your iBTC in hand, it’s time to explore how to harness its potential within the DeFi ecosystem. This guide will walk you through the process of utilising CurveLend and DeFi Money to earn double-digit yield on your Bitcoin, optimising your returns while staying secure.

Why Use This Strategy with iBTC?

This step-by-step strategy offers:

• Collateralizing iBTC for Stablecoin Loans: Access crvUSD while maintaining exposure to Bitcoin.

• DeFi Yields: Stake $Money a stablecoin on DeFi Money for yields exceeding 30%.

• Double-Digit Returns: Combine crvUSD lending and $Money staking to achieve consistent double-digit APYs.

• Earning iBTC & Defi.Money Points: Earn additional rewards while participating in DeFi protocols.

As of December 2024, CurveLend offers a Borrow APY of 13.2%, and DeFi Money staking provides APYs of 30-35%.

Step-by-Step Guide to Earning Double-Digit Yield with iBTC

Step 1: Acquire iBTC

• Navigate to Garden Finance or Curve Finance.

• Swap your Bitcoin for iBTC to start participating in DeFi opportunities.

Step 2: Collateralize iBTC on CurveLend

• Access CurveLend via the Curve Finance dashboard.

• Deposit iBTC as collateral to mint crvUSD, a stablecoin pegged to USD.

Step 3: Borrow Against iBTC

• Decide on the amount of crvUSD to borrow, ensuring a safe collateral ratio.

• Approve and execute the borrowing transaction.

Step 4: Bridge crvUSD to Optimism

• Use a trusted cross-chain bridge to transfer your crvUSD from Arbitrum to Optimism.

Step 5: Swap crvUSD for $MONEY

• On Optimism, access DeFi Money and exchange crvUSD for $MONEY tokens.

Step 6: Stake $MONEY in DeFi Money

• Stake your $MONEY tokens in the DeFi Money staking pool.

• Monitor dynamic APYs, which typically range from 30-35%.

Watch the Step-by-Step Video

Want a visual guide? Check out our step-by-step video tutorial that walks you through the entire process—from acquiring iBTC to staking on DeFi Money.

Watch the video here 👇

Important Considerations

• Risk Management: Ensure your collateralization ratio remains healthy to avoid liquidation.

• Interest Rates: Factor in borrowing costs when calculating your overall yield.

• Market Volatility: Bitcoin and DeFi assets can be volatile; stay informed and adapt accordingly.

Conclusion

This strategy combines the security and flexibility of iBTC with the high-yield potential of CurveLend and DeFi Money. By following these steps and maintaining a focus on risk management, you can unlock consistent, double-digit returns on your Bitcoin.

Stay tuned for more advanced strategies in the iBTC ecosystem. Happy lending, and as always, DYOR (Do Your Own Research)!

About iBTC

iBTC Network's decentralized wrapped Bitcoin is a safer way to access DeFi with your Bitcoin. iBTC is backed by a network of leading node operators and merchants who self-wrap BTC into vaults on Bitcoin Layer 1 to provide liquidity to the iBTC Network. The merchant's signature on the multisig vault prevents network misuse without user consent, making iBTC the most secure wrapped BTC token.

iBTC can be acquired by retail users by swapping for it on popular decentralized exchanges such as Curve, Uniswap, and Balancer. Institutional users, on the other hand, can swap into iBTC through a trusted merchant in the iBTC network or mint iBTC following KYB. 

Join us as we make BitcoinFi safe again. Follow our socials and become part of the iBTC community:

Website | X (Twitter) | Telegram | Discord | Dune Dashboard