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How to Mint pumpBTC on PumpBTC With Bybit Web3 Wallet

Beginner
web3
Aug 29, 2024
1 min read

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What Is PumpBTC?

PumpBTC serves as a liquid staking solution for Babylon. It aims to help BTC holders maximize yields through Babylon’s liquid staking β€” essentially rebuilding WBTC with native yield.

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How to Mint pumpBTC on the Ethereum Mainnet

Step 1: Navigate to the PumpBTC website and click on the Connect Wallet button in the upper right corner. Then, click on Bybit Wallet to connect.

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Step 2: Click on the Ethereum drop-down menu and you’ll see the BTC assets supported by PumpBTC. Currently, it supports WBTC/FTBC on Ethereum, BTCB on BSC Chain and FBTC on Mantle. Select the network with which you want to deposit. 

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To illustrate, we’ll use WBTC as an example.

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Step 3: Enter the amount you want to stake, and click on the Stake button.

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Step 4: After clicking on Stake, a pop-up window will appear for you to confirm the transaction. Click on Next, followed by Approve to confirm the transaction.

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Step 5: After you complete Approve signature, the page will automatically proceed to the next step of the staking transaction. Click on Confirm to finalize the transaction.

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Step 6: When the following pop-up window appears on your page, it means that your stake was successful β€” and you’ll receive pumpBTC in return.

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