DLC.Link's dlcBTC is limited to minting by acceptors, limiting retail investors from directly minting Bitcoin into dlcBTC. Therefore, retail investors who want to invest in dlcBTC can only obtain it through centralized exchanges (CEX) and decentralized exchanges (DEX). While waiting for CEX listing, you can purchase dlcBTC tokens on Web3 wallets such as MetaMask
This guide will teach you how to buy dlcBTC on MetaMask in three easy steps.
Step-by-step guide to buying dlcBTC on MetaMask
Step 1: Get ETH on CEX
Log in or sign up with a CEX like OKX, Binance, or Coinbase.
If you have no balance in your account, connect your credit or debit card to buy ETH tokens.
Make sure you have enough ETH to cover the amount you want to spend in dlcBTC tokens, and take into account transaction costs.
Step 2: Transfer your ETH to MetaMask
Access your MetaMask wallet and switch your network to Arbitrum One.
Copy your ETH address from your Web3 wallet and paste it into the “Recipient Address” field of your CEX account.
Step 3: Convert ETH to dlcBTC
Click “Swap” to enter the MetaMask Swap page.
Select "ETH" in the first column and "dlcBTC" in the second column.
Enter the amount of ETH you want to exchange and click “Exchange”.
Congratulations! You have successfully purchased dlcBTC!
dlcBTC’s DeFi Use Cases
Once you have dlcBTC, you can leverage your tokens in a variety of DeFi applications to maximize your returns and increase the efficiency of your portfolio. Here are some common dlcBTC use cases in DeFi:
Native BTC staking on Nektar
You can participate in native BTC staking on the Nektar platform and earn staking rewards. By using dlcBTC to fund the Enzyme staking vault, you can contribute to the security and functionality of the Ethereum network and earn rewards.
Learn more about dlcBTC staking on Enzyme
Loans on Aave
You can deposit dlcBTC tokens into a pool on decentralized lending platforms Aave or Native Lend. By doing so, users can earn lending rewards, providing a stable return on your assets. This option is ideal for users who want to earn interest on dlcBTC without actively trading.
Learn about dlcBTC lending on Native
Providing liquidity for Swaap Earn
As a dlcBTC holder, you can provide liquidity on Swaap Earn's DeFi primitives. By contributing to the liquidity pool, you can earn from transaction fees and other incentives provided by the platform. This not only generates income, but also enhances the liquidity of the dlcBTC market.
Explore Swaap liquidity opportunities
in conclusion
By following this guide, you can successfully exchange ETH for dlcBTC on MetaMask and unlock numerous opportunities in the DeFi ecosystem. dlcBTC enables you to leverage your Bitcoin assets in a secure, non-custodial manner, ensuring that your assets remain under your control while participating in decentralized finance.
After purchasing dlcBTC on MetaMask, you can stake Liquid Restaking Token protocols such as Nektar, borrow on AAVE, or provide liquidity on Swaap Earn, each of which offers unique benefits and rewards. These use cases allow you to maximize returns and increase the efficiency of your portfolio, making dlcBTC a versatile and valuable asset in the DeFi space.
