Introducing earnBTC

earnBTC makes it easy to earn both points and yield on bitcoin!

Simply deposit your preferred form of Ethereum-based BTC, then sit back and relax.

You will automatically earn both maximal risk-adjusted DeFi yield and a selection of BTCFi points—without needing to continually navigate the waves of the market to find the best opportunities.

How it works

1. Deposit your favorite form of Ethereum-based BTC
   
   
2. Your BTC will be deployed in DeFi and will also earn multiple points
   
   
3. Withdraw at any time subject to a 7 day cooldown period
   

Supported assets

• Swell BTC (swBTC)
• Wrapped BTC (WBTC)
• Coinbase Wrapped BTC (cbBTC)
• Fire Bitcoin (FBTC) from Ignition
• solvBTC (SolvBTC) from Solv
• pumpBTC (pumpBTC) from Pump
• Threshold BTC (tBTC) from Threshold Network
• Lombard BTC (LBTC) from Lombard Finance
• Lorenzo BTC (stBTC) from Lorenzo Protocol
  
• Binance Bitcoin (BTCB) Coming soon…

Rewards

DeFi yield from whitelisted protocols including Curve, Morpho, Pendle PTs, and Ion.

• 3x Nucleus Points
• 3x Black Pearls
• PumpBTC Points
• FBTC Sparks
• Solv Points
• Babylon Points
• Lorenzo Points (coming soon)

Points earned on the various different forms of Ethereum-based bitcoin deposited in the vault are socialized among all depositors.

Built on Nucleus

Swell’s Ecosystem Earn vaults are built on Nucleus , which is developed by the same team behind Ion Protocol, one of the major ecosystem DApps building on Swell L2. The strategy for the vault is provided by Nucleus.

Fully audited

Nucleus is built on the same code as the widely used Seven Seas vault, which is audited by 0xMacro, Spearbit and Pashov .

Low fees

earnBTC depositors pay total annual fees of roughly 1-1.5% in accordance with vault performance. 

These fees comprise:

• Platform fee (0.5%)
• Performance fee (10% of yield accrued)

For example, If the vault accrued 10% yield over 12 months, a depositor of $10,000 would be charged a performance fee of $100 and a platform fee of $50. The net vault yield would be $850 (8.5%).

Alternatively, if the vault accrued 5% yield over 12 months, the same depositor would pay a performance fee of $50 and a platform fee of $50. The net vault yield would be 4% ($400).

On withdrawal, a fee of 0.01%-0.5% is paid to the Solver to fulfill the withdrawal request. This includes the gas fee for redeeming the shares for assets, with only a small gas fee paid to initiate the withdrawal.

Deposit now: https://app.swellnetwork.io/earn/earnbtc ‍

FAQ

‍What is earnBTC?

earnBTC is the receipt token of the vault.

‍Are the vaults audited?

Nucleus is built on the same code as the widely used Seven Seas vault, which is audited by 0xMacro, Spearbit and Pashov .

‍Which assets can I withdraw into?

Any deposit assets.

‍Are Black Pearls earned on all deposits to the vault?
‍
Yes, Black Pearls are earned on all assets deposited to the vault, including non-Swell assets.