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Depositing Bitcoin LSTs on Amber Finance

Depositing Bitcoin Liquid Staking Tokens into Amber Finance allows you to put your assets to work immediately and start earning yields from day one.

What Happens When You Deposit

When you deposit Bitcoin LSTs into Amber Finance, your assets:

  • Remain in your control as collateral
  • Continue earning their underlying staking rewards
  • Start earning Mars Fragments and Neutron Rewards (Points Campaigns)
  • Become available for borrowing other Bitcoin LSTs for looping strategies
  • Can be swapped to another Bitcoin LST instantly
  • Accrue rewards in real-time (every block)

Prerequisites

Before depositing, ensure you have:

  • Connected wallet (Keplr, Leap, Cosmostation, etc.)
  • NTRN tokens for gas fees (recommended: 0.1 NTRN)
  • Bitcoin LST tokens to deposit (eBTC, LBTC, solvBTC, etc.)
  • Neutron network selected in your wallet

Step-by-Step Deposit Guide

Step 1: Connect Your Wallet

  1. Click “Connect Wallet” in the top-right corner
  2. Select your preferred wallet from the list
  3. Approve the connection in your wallet
  4. Ensure you’re connected to the Neutron network

Step 2: Select Your Bitcoin LST

  1. Click on a token card (e.g., LBTC, solvBTC)
  2. Review the details:
    • Current APY rates
    • Available liquidity
    • Points multiplier

Step 3: Enter Deposit Amount

  1. Switch to “Deposit” tab
  2. Enter amount manually or use the percentage slider
  3. Review the transaction details:
    • Estimated APY earnings
    • Gas fee estimate

Step 4: Confirm Transaction

  1. Review all details carefully
  2. Click “Confirm Deposit”
  3. Approve in your wallet
  4. Wait for confirmation (1-2 blocks)

Understanding Your Earnings

Real-Time Yield Calculation

Your earnings are calculated and updated every block (~5 seconds):

Base Yield = Staking rewards from the underlying Bitcoin LST protocol
Points Yield = Mars Fragments + Neutron Rewards from campaigns
Total Yield = Base Yield + Points Yield

Withdrawals

How to Withdraw

  1. Navigate to the specific token page (e.g., LBTC)
  2. Switch to “Withdraw” tab
  3. Enter withdrawal amount or use percentage slider
  4. Review transaction including accrued rewards
  5. Confirm withdrawal - processes within 1-2 blocks

Withdrawal Rules

  • No lockup periods - withdraw anytime
  • No withdrawal fees - only gas costs
  • Partial withdrawals supported
  • Accrued rewards included in withdrawal

Important Notes

  • Utilization rate must be below 100% to withdraw
  • Active debt positions may affect withdrawal amounts

Monitoring Your Deposits

Dashboard Metrics

Total Value Locked (TVL)

  • Shows your total deposited value
  • Updates in real-time with price changes
  • Includes accrued rewards

Points Balance

  • Track Mars Fragments accumulation
  • Monitor Neutron Rewards earnings
  • View multiplier effects

Important Considerations

Gas Fees

  • Deposit: ~$0.01 in NTRN
  • Withdrawal: ~$0.01 in NTRN
  • Points claiming: ~$0.01 in NTRN

Risk Management

  • Diversify across multiple BRTs
  • Keep reserves for emergency withdrawals
  • Understand liquidation risks for leveraged positions

Best Practices

  • Start small and scale up gradually
  • Monitor your positions regularly
  • Stay informed about protocol updates
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