Solv Protocol
  • Welcome to Solv
    • Introduction
    • State of Bitcoin Staking
    • The On-Chain Bitcoin Reserve
  • SOLV Token
    • SOLV Tokenomics
    • Claiming SOLV
      • Claiming SOLV from a Multi-sig Wallet
      • Claiming SOLV as Flexible Voucher Holders
    • Governance
  • Key Products
    • SolvBTC
    • SolvBTC LSTs
      • LST Suite
      • Yield Related Address
    • DeFi Vaults
    • Bitcoin Reserve Offerings
  • Staking Abstraction Layer (SAL)
    • Introduction
      • The Challenges with Bitcoin Staking
      • What is SAL?
    • Architecture
      • The Ecological View
        • The Staking Protocols
        • The LST Issuers
        • The Staking Guardians
        • The Yield Distributors
      • The Technical Architecture
        • The Staking Abstraction Matrix
        • LST Issuance Services
        • Staking Verification Services
        • Transaction Building Services
        • Yield Distribution Services
      • Diverse Yield Streams Accessible Through SAL
  • Security
    • Solv Guard
    • Smart Contract Governance
    • Smart Contract Audits
      • Audits
  • USER GUIDE
    • Deposit BTCB in Binance MegaDrop
    • Claim BABY as xSolvBTC Holders
  • Developer Guide
    • Core Components
      • Price Oracles
      • Cross-chain Bridge
    • Smart Contracts
      • Technical Architecture
      • Asset Storage & Representation
      • LST Oracle Mechanism
      • Contract Addresses
    • Integrations
      • SolvBTC and SolvBTC.LSTs
      • Data Services
        • SolvBTC/SolvBTC.LSTs storage pools
        • User Assets
      • SAL Services
    • Code Repo
  • Legal
    • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • Disclaimer
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On this page
  • Step 1: Funding your wallet with BTCB
  • Step 2: Deposit BTCB to Mint SolvBTC on Solv Protocol
  • Step 3: Withdrawing/Unstaking BTCB on Solv Protocol

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  1. USER GUIDE

Deposit BTCB in Binance MegaDrop

PreviousAuditsNextClaim BABY as xSolvBTC Holders

Last updated 4 months ago

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Step 1: Funding your wallet with BTCB

  1. Log in to your Binance app and tap on the “Wallets” section. Go to “Web3”.

  1. To fund your wallet, tap on “receive” and transfer your funds from exchange to your Wallet.

  1. Select the amount of BTC that you would like to transfer into your Binance Wallet, choose the BNB smart chain (BEP-20) and tap withdraw. Note: You’ll need at least 0.0001 BTCB to proceed with the task.

  1. Make sure you have enough BNB ($2-3) to cover the gas fees. You can tap “Receive” to transfer funds through.

Step 2: Deposit BTCB to Mint SolvBTC on Solv Protocol

  1. Go back to Megadrop Quest Detail page, and tap “Start Now”.

  1. You will be redirected to Solv’s dApp in the app. Connect your Binance Wallet and make sure the network selection is“BNB Chain”.

  1. Enter the amount of BTCB to deposit. Please note that you need to deposit a minimum of 0.0001 BTCB. Tap ‘Approve’.

  1. Tap “Deposit” and confirm the transaction on your Binance Wallet.

  1. You’ve now successfully deposited your BTCB.

  1. Go back to Megadrop Quest Detail page and tap “Verify” to confirm your quest status.

  1. Lastly, please make sure the quest is marked as Completed.

Step 3: Withdrawing/Unstaking BTCB on Solv Protocol

  1. Head over to the “My Portfolio” section on Solv Protocol.

  1. Connect your Binance Wallet, input the amount of BTCB you would like to withdraw, and confirm the transaction on your Binance Wallet.

Take note: Unstaking takes 2 to 7 days to process.

  1. Once the withdrawal transaction has been confirmed, head over to the “My Portfolio” section again and tap “Claim.”

Once the transaction is confirmed, you will receive your BTCB in your wallet.