Ethereum vaults were deprecated on November 1st, 2025 following Valence’s wind down. Learn moreAll deposits now go directly to Neutron positions. Any funds left in Ethereum vaults at the time of wind down have been refunded to the Ethereum addresses used to make the deposits.
Overview
When you participate in Bitcoin Summer, you:- Bridge your BTC assets to Neutron
- Deposit directly to eligible protocols (Amber lending or Supervaults LP)
- Earn rewards from DeFi yields + NTRN campaign incentives + partner rewards
This guide covers the evergreen deposit process. For current Phase-specific eligibility and reward multipliers, see Phase 1 Details.
Prerequisites
Before you begin, ensure you have:- A Neutron-compatible wallet (Keplr recommended)
- Eligible BTC assets (check Phase 1 Details for current eligible assets)
- Small amount of NTRN for transaction fees on Neutron
Step 1: Set up Keplr to Transact on Neutron
Keplr is the recommended wallet to interact with the Neutron ecosystem.1
Download Keplr
Go to keplr.app/get and select your browser to download the wallet extension.
2
Create or Import Wallet
Once installed, select “Create a new wallet” or “Connect a hardware device” and follow the prompts.
Important: Save your seed phrase securely. Never share it with anyone.
3
Enable Neutron Network
On the network selection step, make sure to tick the Neutron network. You can untick all other networks and enable them later via the browser extension’s settings if needed.
Need detailed wallet setup help? Check out this video guide (the UI has changed slightly but the flow remains similar).
Step 2: Bridge Assets to Neutron
You can bridge BTC assets to Neutron from multiple source networks including Ethereum, Babylon Genesis, or Cosmos Hub.1
Navigate to Neutron Bridge
Go to app.neutron.org/bridge.The interface should pre-select common routes, but you can customize:
- Source chain: Choose where your assets are currently held (e.g., Ethereum, Babylon Genesis, Cosmos Hub)
- Destination chain: Neutron
- Asset: Select your eligible BTC asset
2
Connect Your Wallets
- Click the primary button to connect your source wallet (e.g., MetaMask for Ethereum)
- Select your wallet provider and confirm the connection
- Click “Set destination address” and connect your Keplr wallet
3
Configure Bridge Transfer
- Enter amount: Input the amount you wish to bridge
- Select route: Choose between “Fastest” (using intents) or “Cheapest” routes
For large amounts, we recommend “Cheapest” routes to minimize costs. For bridging from Ethereum, expect ~15-20 minutes due to Ethereum’s finality time.
- Review details: Check bridge transfer time, gas fees, and the rate (bridge fee for simple transfers)
4
Execute Bridge Transaction
- Click “Confirm” to initiate the bridge
- Sign the spending cap request in your source wallet
- Sign the bridging transaction
- Wait for bridging to complete (typically 15-20 minutes from Ethereum)
5
Verify Assets Arrived
Your assets should now be visible in your Keplr browser extension on the Neutron network.
Getting NTRN for gas: You’ll need a small amount of NTRN to pay transaction fees on Neutron. Get NTRN by swapping from other assets on app.neutron.org/swap or bridging from exchanges.
Step 3: Deposit into Bitcoin Summer Positions
Once your assets are on Neutron, you can deposit them into eligible positions to start earning rewards. There are two main protocols: Amber Finance (lending) and Supervaults (LP).Option A: Lending on Amber Finance
Amber offers isolated lending markets where you can lend BTC assets and earn lending yield + NTRN campaign rewards + partner points.1
Navigate to Amber
Go to app.amberfi.io or access Amber positions through the Bitcoin Summer dashboard.
2
Connect Wallet
Click “Connect Wallet” in the top right corner and connect your Keplr wallet.
3
Select Asset and Amount
- Choose the eligible BTC asset you want to lend
- Enter the amount to lend
4
Confirm Deposit
- Click “Deposit [Asset]”
- Review and sign the transaction in Keplr
- Wait for confirmation
What you’ll earn: Lending yields + NTRN rewards + partner rewards (e.g., protocol points, airdrop eligibility from asset issuers).
Option B: Providing Liquidity to Supervaults
Supervaults are automated market-making vaults that provide tight spreads and institutional-grade performance. You can provide single-sided or paired liquidity.1
Navigate to Supervaults
Go to the Bitcoin Summer dashboard or directly to Supervaults.
2
Choose a Supervault
Select a Bitcoin Summer eligible Supervault. Click on the vault to see details about:
- APY and fees
- Eligible asset pairs
- NTRN reward multipliers
3
Select Deposit Amount
In the deposit widget:
- Enter the amount for one or both assets in the pair
- For single-sided deposits, leave the other asset empty
Single-sided liquidity: When providing single-sided liquidity, your deposited assets are not swapped or converted. Therefore, single-sided deposits do not incur slippage.
4
Confirm Deposit
- Review the deposit details
- Click “Confirm deposit”
- Sign the transaction in Keplr
5
Verify Position
After confirmation, your position will be visible under My Position TVL on the vault page and on your Balance page.
What you’ll earn: Trading fees (auto-compounded) + NTRN rewards (multipliers vary by pair) + partner rewards (e.g., protocol points from participating partners).
Step 4: Boost Your NTRN Rewards (Optional)
You can boost your NTRN rewards by up to 3x by staking and locking NTRN tokens for up to 48 months.1
Access Booster Feature
On the Bitcoin Summer dashboard, click the “Unlock your booster” button.
2
Select Boost Target
Confirm your connected Neutron wallet or link another address to receive boosted rewards.
3
Stake & Lock NTRN
- Click “View boost overview” to see your current boost status
- Select “Stake & Lock” to configure your boost
- Choose amount and lock duration (up to 48 months)
Maximize your boost: Lock NTRN equal to your deposit value for the longest duration to achieve up to 3x multiplier. During the lock period, you’ll earn ~3% NTRN staking rewards + boosted Bitcoin Summer rewards.
4
Confirm and Wait
Sign the transaction and wait up to 15 minutes for the multiplier to appear on the dashboard.
Rewards Guide
Learn detailed strategies for maximizing your NTRN rewards through boost mechanisms and optimal staking configurations.
Step 5: Track Your Positions and Rewards
Monitor your deposits and accrued rewards in multiple places:- Balance page: app.neutron.org/balance - Overview of all your positions and total rewards
- Bitcoin Summer dashboard: app.neutron.org/bitcoin-summer - Detailed performance metrics (hover over APY column to see reward breakdown)
- Protocol interfaces: Direct protocol pages (Amber, Supervault vault pages) show position-specific details
Hover over the APY column on the Bitcoin Summer dashboard to see a detailed breakdown of:
- Base DeFi yields (lending rates, swap fees)
- NTRN campaign rewards
- Partner rewards (points, airdrops)
- Your personal multipliers
How to Withdraw
When you’re ready to withdraw, the process depends on the protocol:Withdrawing from Amber
1
Navigate to Amber
Go to app.amberfi.io and connect your wallet.
2
Select Withdraw
Find your lending position, click “Withdraw”, and enter the amount.
3
Confirm
Sign the transaction in Keplr to receive your assets + accrued lending yields.
Withdrawing from Supervaults
1
Navigate to Vault
Go to the specific Supervault where you have a deposit.
2
Switch to Withdrawal Mode
Toggle from Deposit to Withdraw mode in the vault interface.
3
Enter Amount
Select the percentage or amount you’d like to withdraw.
4
Confirm
Sign the transaction. You’ll receive both tokens in the vault based on current pool balance, regardless of whether you deposited single- or double-sided.
Phase Timing & Forfeitable Rewards: Bitcoin Summer is divided into 2-month Phases. Withdrawing before the end of a Phase will cause you to forfeit NTRN rewards for that Phase, proportional to the amount withdrawn.Other rewards (principal, DeFi yields, partner points) are never forfeited and remain fully liquid. Learn more about forfeitable rewards.
What You’ll Earn
Participants in Bitcoin Summer earn multiple types of rewards:| Reward Type | Source | Description |
|---|---|---|
| DeFi Yields | Protocols | Lending rates (Amber) or swap fees (Supervaults), auto-compounded |
| NTRN Rewards | Campaign | Base rewards + up to 3x boost multipliers |
| Partner Rewards | Asset issuers & protocols | Points and airdrop eligibility from participating partners (e.g., protocol points, fragments, diamonds) |
| Asset Yields | BTC LSTs | Native yields from yield-bearing BTC assets |
Phase 1 Details
See current Phase 1 specific rates, multipliers, and eligible positions.
Claiming Rewards
NTRN campaign rewards can be claimed at the end of each 2-month Phase. You’ll have three claiming options:| Option | Description |
|---|---|
| Instant Claim | Instantly receive 50% of your rewards (forfeit the other 50%) |
| Vest | Vest rewards over the next 2 months to receive your full allocation |
| Lock & Boost | Lock rewards for at least 2 months to receive boosted rewards in future campaigns |
DeFi yields and partner rewards follow their own claiming schedules and are typically available immediately or according to the partner’s terms.
Need Help?
FAQ
Common questions, troubleshooting, and detailed guidance
Campaign Details
Complete campaign mechanics, phases, and requirements