It’s Bitcoin Defi SZN and we have integrated with Ignition to empower users to restake their FBTC on SatLayer. 

This post will explain how to stake FBTC with ease using SatLayer on Ethereum protocol.

Let’s get started with staking FBTC✨

  1. Buy WBTC on Binance or your preferred choice of CEX.
  2. Withdraw your BTC from your CEX. Select WBTC and Ethereum network to your wallet of choice.
  1. After your deposit has been confirmed and transferred to your wallet, head over to FBTC > Acquire > Swap to swap your WBTC to FBTC.

b) If you used Binance and received BBTC (Binance Wrapped BTC) instead, you can use other DEX or Swap tools to swap your BBTC to FBTC. For example, I’m using OKX Wallet’s Swap functionality.

  1. After your swap transaction has been confirmed and your FBTC is in your wallet, head over to stake.satlayer.xyz to deposit your FBTC. 
Once confirmed, you will receive satFBTC as a receipt token.

  1.  Congrats, you are now restaking $FBTC on SatLayer. 

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