eBTC | Get Paid to Borrow Bitcoin
@eBTCprotocol
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Use ETH, WETH, stETH or wstETH to borrow the most decentralized Bitcoin built for Ethereum DeFi at no cost.
Joined November 2021
eBTC has always been about maximizing Bitcoin yields in DeFi. Today, we want to share some important news with you ā¤µļøš§µ.
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eBTC interface access ends tonight. Current eBTC holders can redeem for stETH through our platform today. Tomorrow onwards, redemptions require direct smart contract interaction via Etherscan or similar tools.
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Final days before UI shutdown on June 30th. Current holders can redeem for stETH through our platform until then. After June 30th, redemptions will require direct smart contract interaction. Meanwhile, our team is available for any withdrawal or transition questions.
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eBTC users can redeem for stETH through our platform until June 30th. We've ensured liquidity is available for as close to peg as possible redemptions. After the UI sunset, redemption remains possible by interacting with smart contracts or via explorers like Etherscan.
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Less than 2 weeks until eBTC UI sunset. The UI will be deprecated after June 30th. Interactions remain possible through smart contracts or via explorers like Etherscan.
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11/ If you have questions or feedback related to the transition, please join the #rff-transition channel below:.
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10/ This decision connects to broader operational changes at @BadgerDAO. Please head here for more information related to it:.
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9/ We appreciate the eBTC community's support and understanding during this transition.
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8/ We'll be providing comprehensive guides on how to interact with eBTC contracts directly via communications channels shortly. Meanwhile, we will be providing ongoing support to help you navigate the withdrawals below:.
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7/ Core eBTC infrastructure, including oracles, will continue operating until further notice. Your funds remain in your custody and accessible through the smart contracts.
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6/ The Treasury Council has committed to providing sufficient liquidity to ensure eBTC withdrawals can happen as close to peg as possible during this transition.
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5/ After June 30th, you'll still be able to access your funds by interacting with smart contracts directly through Etherscan or similar block explorers.
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4/ If you have active CDPs and prefer using the official interface, make sure to withdraw before June 30th.
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3/ Thus, after careful consideration from the BadgerDAO Treasury Council, it has been decided that eBTC will be put in a deprecated state after June 30th.
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2/ However, while the protocol achieved strong yields, it has not reached the product-market fit needed for sustainable long-term operations.
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1/ Since launch, eBTC has delivered some of the highest DeFi-native yields for BTC and proved the viability of stETH-backed Bitcoin synthesis.
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When your wife stops you from getting paid to borrow more Bitcoin
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How it feels like to get paid for borrowing Bitcoin
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One of the biggest reasons why most people fail to make money in this industry is because they fail to follow one of the simplest principles of Investing:. Compounding.
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RT @cryptorsyio: 3/š§µ Liquid #Bitcoin Staking Opportunities š§. š² $eBTC by @eBTCprotocol.š² $mBTC by @Babypiexyz_io.š² $nBTC by @nomicbtc.š² $LBā¦.
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