How to get uBTC on B² Network
Last updated
Last updated
We have two sections: one for existing Hive Protocol stakers, where they have to withdraw from Hive first before depositing into UniRouter for uBTC; another is for new users who want to directly get hands on uBTC from their B2 BTCs.
Step 1: Head to Hive’s “withdraw” page https://hive.bsquared.network/withdraw/
Step 2: Enter your staked amounts and initiate the unstaking process, which as indicated by Hive it will take about 24 hours for you to be able to withdraw. Click “Unstake” and complete the transaction, then you should see “Pending to withdraw” to show your unstaking amounts at the bottom of your page
Step 3: After about 24 hours, at the same page you should be able to see the stats where you have “ready to withdraw” balances updated, and the “Withdraw” button enabled. Click “Withdraw” and finish the transaction, then you have your bitcoins back to your wallet. Voilà! Now you are ready to use UniRouter to convert those bitcoins to uBTC while still earning B2 rewards from Hive staking
Step 1: Head to UniRouter’s uBTC page https://app.unirouter.io/, on the upper right corner, make sure you’ve switched to B² mainnet and your wallet connected
Step 2: Enter the amount of bitcoins you want to stake, click “Stake” and finish the transaction. Then you should see updated uBTC balance. Hover over the “+” sign and then you can add the token to your wallet. Congrats, now you have uBTC! Soon, you should be able to use uBTC to trade, lend & collateralize, and more
More notes:
The “Withdraw” process is pretty similar to Hive’s, feel free to check out that section
uBTC balances are snapshotted daily to calculate your $B2 rewards from Hive and UniRouter’s U Point allocation. For the latter, we’ll soon have a more detailed explanation on how it works. $B2 claiming will be enabled once Hive opens up for claiming. Feel free to check out announcement article for more details
