How to Restake tBTC: Make the Most of Your Bitcoin in Defi

October 18, 2024
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In this guide, we'll take you through how to liquid restake your tBTC tokens on InceptionLRT in an easy and straightforward manner. We’ll cover everything, from how to get your hands on tBTC, the restaking process, how to unstake, and how to make the most of your intBTC with DeFi integrations. Let's dive in!

What is tBTC?

tBTC is a decentralized, tokenized version of Bitcoin, designed to bring the king of crypto to Ethereum’s DeFi ecosystem. This ERC-20 token is backed 1:1 by actual Bitcoin, giving users all the benefits of Bitcoin’s store of value alongside Ethereum’s decentralized financial opportunities. Essentially, it lets you keep exposure to Bitcoin while playing in the DeFi sandbox with no compromises.

Who is behind tBTC token

tBTC was initially developed by Thesis, a project aimed at promoting decentralized technologies through open-source initiatives. Currently, tBTC is maintained by the Threshold Network, a decentralized cryptographic infrastructure that ensures security and privacy for digital assets. Threshold provides the decentralization, governance, and technical support that keeps tBTC running securely.

Formed through the merger of Keep Network and NuCypher, Threshold ensures robust, decentralized custodianship and minting processes for tBTC, allowing Bitcoin holders to participate in the Ethereum-based DeFi ecosystem securely.

How to Buy or Get tBTC

To get tBTC, you’ll need to convert your Bitcoin into tBTC using the Threshold Network. It’s a seamless process that doesn’t rely on central authorities or custodians, ensuring you get a decentralized version of your Bitcoin ready for DeFi. All you need is a Bitcoin wallet and an Ethereum wallet to mint your tBTC.

However, if you're looking for a more straightforward approach, you can also buy tBTC directly from major decentralized exchanges like Uniswap, Curve or Balancer.

If you already own tBTC, you’re ready to move on to the next step: unlocking more Defi rewards through InceptionLRT!

Restake tBTC on InceptionLRT: Step-by-Step

Once you've secured your tBTC, restaking it on InceptionLRT is where the magic happens. Let’s break it down:

Step 1: Connect Your Wallet

Head to the InceptionLRT dApp and connect your Ethereum wallet—MetaMask, Trust Wallet, and WalletConnect are all supported. Make sure your wallet holds the tBTC you plan to restake.

unnamed.png Wallet Options On the InceptionLRT dApp (Source)

Step 2: Access the Restaking Dashboard

With your wallet connected, navigate to the Restaking Dashboard. You’ll see all restakable assets, including tBTC.

unnamed.png InceptionLRTs Restaking Dashboard (Source)

Step 3: Choose tBTC and Input Amount

From the list, select tBTC. Enter the amount you want to restake, keeping enough ETH for gas fees to complete the transaction.

unnamed.png tBTC Restaking tab on InceptionLRT dApp (Source)

Step 4: Approve the Transaction

Once you’ve input the amount, your wallet will ask you to approve the spending cap. Set it, approve, and hit “Restake” on the dApp.

Step 5: Receive intBTC

After confirming the restake, you'll receive intBTC, which represents your restaked tBTC. This isolated liquid restaking token gives you control over your staking strategy while keeping liquidity intact. Add intBTC to your wallet for easy tracking.

Step 6: Track and Manage Your Position

You can now keep tabs on your intBTC holdings, rewards, and overall portfolio performance through InceptionLRT's dashboard.

Unstake tBTC: Quick and Easy

Unstaking tBTC is made to be especially flexible with InceptionLRT’s Standard Unstake and Flash Unstake options. Here’s the straightforward process:

Step 1: Access the Unstake Tab

Head over to the dashboard, find the Manage section for your intBTC, and click “Unstake.”

Step 2: Choose Your Unstaking Method

  • Standard Unstake: Your assets will be available after a 15-day period. After that, you can claim your tBTC.

  • Flash Unstake: For those who want immediate liquidity, Flash Unstake is your go-to. This instant method comes with a dynamic fee based on the current liquidity pool, but it’s all about getting your tokens ASAP, skipping the waiting period.

unnamed.png Standard Unstake & Flash Unstake Options on InceptionLRTs dApp (Source)

Step 3: Confirm the Transaction

Pick your unstake method, approve the transaction in your wallet, and wait for the confirmation. If you choose Flash Unstake, your tokens will be instantly available. With Standard Unstake, just monitor the dashboard and claim your assets once the unstake is complete.

Want to dive deeper into Flash Unstake? Check out our detailed blog post: Flash Unstake Explained

intBTC on Mezo Network for Extra Rewards

Now that you’ve restaked, let’s look at how you can maximize your intBTC through Mezo Network, one of our integrated DeFi protocols.

Step 1: Access Mezo via InceptionLRT

From the InceptionLRT dashboard, go to the DeFi Integrations tab and select Mezo Network. Here, you’ll find the intBTC liquidity pool ready for you.

unnamed.png Mezo Network Yield Defi Integration on InceptionLRTs dApp (Source)

Step 2: Add Liquidity

Enter the amount of intBTC you want to add to the pool. Mezo will display your pool share and estimated rewards based on your contribution.

Step 3: Confirm the Transaction

Approve the transaction in your wallet, then confirm the liquidity addition. Done!

Step 4: Monitor Your Liquidity Position

Track your liquidity rewards through the Mezo dashboard. You can also remove liquidity anytime to access your intBTC holdings.

Maximize Your tBTC with InceptionLRT

Restaking tBTC on InceptionLRT gives you the best of both worlds: Bitcoin exposure and the powerful rewards of Ethereum’s DeFi ecosystem. With liquid restaking and integrations like Mezo Network, you can truly maximize the potential of your Bitcoin.

Ready to start restaking? Jump into the InceptionLRT dApp now and start earning more with your tBTC!