How to Deposit
BTCFi participants can earn rewards by depositing assets directly into eligible DeFi positions on Neutron. This guide walks you through the complete process, from setting up your wallet to depositing and tracking your rewards.
Overview
When you participate in BTCFi on Neutron, 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 3 Details.
Prerequisites
Before you begin, ensure you have:
- A Neutron-compatible wallet (Keplr recommended)
- Eligible BTC assets (check Phase 3 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.
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.
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 BTCFi 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.
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.
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 12 months.
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
- BTCFi dashboard: app.neutron.org/bitcoin-finance - 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 BTCFi 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
Withdrawing from Supervaults
Phase Timing & Forfeitable Rewards: BTCFi 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 BTCFi 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 |
See current Phase 3 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?
Common questions, troubleshooting, and detailed guidance
Complete campaign mechanics, phases, and requirements