Staking
Staking Flow
The Bits Protocol offers a streamlined user experience for staking, wrapping, unwrapping, and unstaking assets. Below is a step-by-step guide to each process.
Staking
Deposit Assets: Users bring BTC, wBTC, or other supported wrapped BTC variants to the Bits Protocol interface.
Initiate Staking: Select the "Stake" option and specify the amount to deposit.
Receive BITS: The protocol mints BITS tokens at a 1:1 conversion rate, providing immediate liquidity while the underlying assets begin earning rewards in the Core Dual Staking pool.
This process allows users to convert idle BTC into yield-generating BITS without losing exposure to BTC's price movements.
Last updated