🚨Removing Exposure to renBTC

Below are the recommended ways Badger users can remove exposure to renBTC

ibBTC Holders:

Holders of wrapped ibBTC can swap out to wBTC using the following Curve LP pool. https://curve.fi/#/ethereum/pools/factory-v2-60/deposit

Holders of naked ibBTC can redeem their tokens for the underlying bcrvRenWBTC pool tokens using the Badger app and continue to withdraw their vault position from the corresponding renBTC/wBTC.

Redeem ibBTC: https://app.badger.com/ibBTC?chain=ethereum

Withdraw from LP Vault: https://app.badger.com/vault/convex-renbtc-wbtc-1?chain=ethereum

Once withdrawn, users can return to Curve to withdraw their assets into wBTC.

ibBTC/crvsBTC and renBTC/wBTC LP Vault Depositors:

Depositors will first need to withdraw from the following Badger LP vaults...

ibBTC/crvsBTC: https://app.badger.com/vault/convex-ibbtc-crvsbtc?chain=ethereum renBTC/wBTC: https://app.badger.com/vault/convex-renbtc-wbtc-1?chain=ethereum

Once withdrawn, users can return to the corresponding Curve LP’s and withdraw their assets into wBTC.

ibBTC/crvsBTC: https://curve.fi/#/ethereum/pools/factory-v2-60/deposit

renBTC/wBTC: https://curve.fi/#/ethereum/pools/ren/deposit

Last updated