Level 1: Genesis - Acquiring iBTC

Now that you understand the importance of putting your Bitcoin to work and the unique benefits of iBTC, let's walk through the process of acquiring iBTC using the Garden.Finance platform.

Step-by-Step Guide: Converting BTC to iBTC (Formerly dlcBTC)

Step 1: Connect Your Wallet

• Look for and click the "Connect" button to link your Web3 wallet (e.g., MetaMask)

Step 2: Configure Your Swap

• Select BTC as your "send" asset and iBTC Ethereum as your "receive" asset

• Enter the amount of BTC you wish to convert (The minimum amount is 0.001 BTC)

• 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

• 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

• 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 iBTC

• Once confirmed, a "Claim iBTC" button will appear

• Click this button to confirm the swap to receive your iBTC

• Your iBTC will be sent to your connected wallet

Congratulations! You've successfully converted your BTC to iBTC.

What's Next?

With iBTC 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 iBTC 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 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