How to mint WBTC with BTC on Tokenlon

Tokenlon
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Update on imBTC Operations: Tokenlon to cease cross-chain gateway services

BTC<->WBTC minting on Tokenlon

Compared to obtaining WBTC from Coinlist, WBTC minting on Tokenlon is quick, easy and more decentralized. On top, the fee is better too.

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1. 1. Single maximum limit (updated on Jul 15, 2022): 10 BTC
2. BTC minting WBTC rate: 0.3% + miner fee
3. WBTC redemption rate: 0.3% + miner fee
4. Single WBTC redemption over 20 WBTC requires manual verification

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Due to the native support of Tokenlon in imToken wallet, users can convert WBTC to immediately trade and participate in DeFi.

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BTC-to-wBTC-to-DeFi in 2 steps

 

Risk reminder

Any profit-making is accompanied by risks. DeFi is essentially based on smart contracts. If there is a problem with the code, assets stored on DeFi contracts can be in danger.

Liquidity mining is the result of a combination of multiple DeFi protocols. This combination adds additional risk. Be reasonable in allocating assets and controlling your risk. In other words: Do your own research and only invest what you can afford to lose.

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