Get Paid to Borrow Bitcoin

Introducing the Get Paid to Borrow Bitcoin Incentive Program.

➡️ Deposit ETH & WETH collateral

➡️ Borrow eBTC at no cost

➡️ Get stETH staking rewards + stETH incentives from Lido

For the next month, eBTC and Lido are PAYING YOU TO BORROW BITCOIN.

15 stETH have been allocated as incentives for users who borrow eBTC with ETH or WETH. Users can see the extra reward APY in app, adding to your reward generating collateral. **APY IN APP IS AN ESTIMATE ONLY.

But isn't eBTC backed exclusively by stETH? Sure is.

All un-staked ETH and WETH collateral will be automatically zapped into Lido and staked into stETH on behalf of users.

Just bring your ETH or WETH and let eBTC handle the rest.

To Qualify:

• CDP must remain open for a minimum of 7 Days

• Must open CDP using ETH or WETH

How are rewards distributed?

All Get Paid to Borrow Bitcoin incentives will be distributed via airdrop at the end of the incentive program. No need to worry about claiming or high gas fees.

Program End Date: Friday April 26th, 2024 @ 0:00UTC

Round 2 Extension

11 more stETH have been allocated from Lido for users who borrow eBTC with ETH or WETH now through May 24th.

Qualified positions must remain open for 7 days, thus CDP's opened after April 19th will only qualify for Round 2. CDP's that remain open from Round 1 will qualify for both.

Round 1 officially concludes on Friday April 26th, 2024 @ 0:00UTC.

Happy borrowing anon.