The Bitlayer event has been going on for almost 3 weeks, and the sign-ins have been completed. Many friends have asked how to withdraw funds, so here’s a graphical guide on the most cost-effective way to exit.
Currently, uniBTC does not support unstaking, and the exchange has a significant slippage (about 10%, which means your 10u will lose 1u). Therefore, it is recommended to wait until uniBTC opens for unstaking before proceeding. Save this article for later, and wait for the slippage to decrease before acting. The normal slippage is 1% to 3%. Based on the previous experience with exchanging uTON for TON, you should know what to do: just wait.
【Process and Loss】
1.PELL解质押uniBTC。（手续费损耗0.3u）
2.Exchange uniBTC for BTC through DEX. (Currently, the exchange loss is 1u, with an expected exchange loss of 0.1u, and a per-transaction fee of 0.5u)
3.Cross-chain BTC to BSC chain (per-transaction fee of 1.3u)
It is recommended to consolidate multiple accounts into one to share the per-transaction fee. For example, the fee loss for 5 accounts: 0.3 + 0.1 + 0.5/5 + 1.3/5 = 0.7u
Here’s a graphical guide, the most cost-effective way to withdraw funds from Bitlayer:
1.PELL解质押uniBTC（解质押需要7天后才能Withdraw）
2.Exchange uniBTC for BTC through DEX.
3.Cross-chain BTC to BSC to get BTCB, deposit BTCB back to Binance for withdrawal.
Follow me, don’t get lost, for easy profits#一图流
Appendix: Contract code for uniBTC tokens on the Bitlayer chain
Main chain: Bitlayer
Contract: 0x93919784c523f39cacaa98ee0a9d96c3f32b593e
