đ¸Stake BTC using Bybit Wallet
To deposit BTC on Babypie, users can decide to use the Bybit wallet only. Users can also use the Bybit wallet for the BTC wallet and another wallet, like Metamask, for the Ethereum wallet.
1. Ethereum Wallet (Bybit wallet or other)
In this wallet users will be eligible to mint their mBTC after depositing BTC on Babypie.
2. Bitcoin Wallet (Bybit wallet)
In this wallet address users must have BTC balance. This Wallet address must be LEGACY or Native SegWit format and will be used by users to deposit BTC on Babypie.
Also, users must use the Bybit Wallet to generate the signature that is needed in order to register their BTC and Ethereum wallets on Babypie.
Note:
Users must connect to Babypie using their Ethereum wallet only (could be Bybit or other like MetaMask).
The Bybit wallet can be used to register your BTC wallet and Ethereum wallet. Please make sure to send your BTC to Babypie's wallet from your registered BTC Bybit address. The registered Bybit address must be in LEGACY or Native SegWit format.
mBTC will be claimable using your registered Ethereum wallet address (Bybit, MetaMask, or other). mBTC is an ERC-20 token pegged to BTC on a 1:1 basis, and users must pay gas fees in Ethereum L1 when claiming via Babypie.
Important
We strongly advise against using BTC wallets that contain BTC assets such as Ordinals or Runes for deposits to Babypie. There is a risk that your UTXOs might inadvertently be spent when staking from such a wallet, potentially leading to the loss of your assets.
To avoid this, please use a different BTC wallet that does not hold any BTC assets like Ordinals or Runes when making deposits to Babypie. Babypie will not be responsible for any losses incurred if this guideline is not followed. Make sure to use a BTC address without Bitcoin assets like ordinals or runes for depositing.
Start
1. Download the Bybit Wallet extension
Create or Import Wallet
2. Create your password
3. Backup your seed phrase
4. Confirm your seed phrase
5. Press "Start Using" to begin
6. Your Wallet is ready / Enter the Babypie website
7. Connect your Bitcoin Wallet
8. Input your BTC address
Press "Get Address"
Then, your Bybit wallet BTC address will fill the space (Make sure the BTC address type is LEGACY or Native Segwit). You can select the correct one through your BTC address on the wallet.
Users need to use the same type of Bitcoin address for both registration and deposits on Babypie.
Example:
If User A registers with a LEGACY Bitcoin address, User A must also use a LEGACY Bitcoin address to transfer BTC to Babypie's BTC address.
9. Connect your Ethereum wallet
10. Input your Ethereum Wallet address
Press "Get Address"
Then, your Ethereum wallet address will fill the space
11. Press "Get Signature"
12. Register your wallet
13. Input the amount of BTC you want to stake via Babypie and press "Send BTC"
14. Mint mBTC through your registered Ethereum Wallet
Claim mBTC (4 block confirmations are needed before being able to mint mBTC)
After this process is completed, BTC depositors on Babypie will have the flexibility to explore DeFi opportunities.
Note: Baypie's withdrawal feature is currently being developed and will be launched soon. Please take this into account before staking/depositing BTC.
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