🔸Stake BTC using the Electrum BTC Wallet and an Ethereum Wallet
To deposit BTC on Babypie, users can use the Electrum Bitcoin wallet + an Ethereum wallet
1. Ethereum Wallet (Metamask or other)
In this wallet users will be eligible to mint their mBTC after depositing BTC on Babypie.
2. Bitcoin Wallet (Electrum wallet)
In this wallet address users must have BTC balance. This Wallet address must be LEGACY or BECH32 (Nativr SegWit) format and will be used by users to deposit BTC on Babypie.
Also, users must use the Electrum Wallet address 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 (Metamask or other)
The BTC Electrum Wallet is only used to register your BTC and Ethereum wallets. Users don’t need to connect their Electrum Wallet to Babypie. Please, make sure to send your BTC into Babypie’s MPC wallet from your registered BTC Electrum address.
mBTC will be claimable using your registered Ethereum Wallet address (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:
Create/Import Wallet
Prepare Wallet
Add the "Addresses" tab
Copy your BTC address
Generate Signature
Press "Tools"
Select "Sign/Verify message
Step 1: Register your wallets on Babypie
Paste the BTC address copied from Electrum
Paste the Ethereum address used to sign on Electrum
Paste the signature generated on Electrum
Step 2: Send BTC to Babypie's Address using Electrum
A
1. Open the Electrum wallet
2. Go to the "Coins" tab
3. Select the address you want to use to transfer BTC to Babypie's MPC wallet (this should be the address you used to register)
4. Select "Coin Control" for the address
B
C
1. Copy Babypie's MPC wallet address from the Babypie page
2. Paste it into the "Pay to" field in the "Send" tab of the Electrum wallet
Step 3: Mint mBTC on the "Stake tab"
Connect 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 opportunity to explore DeFi opportunities.
Note
Baypie's withdrawal feature is currently being developed and will be launched soon. Please take this into account before depositing BTC.
Other non-browser extension wallet apps like Bitcoin Core are also supported as long as they can sign messages.
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