renCrv LP Strategy Guide

Published in

NUTS Finance

6 min readDec 26, 2020

*Please ensure you have sufficient ETH in your wallet to pay for gas before you start.*

Part I: How to get renBTC with ERC20 token

Go to — https://app.uniswap.org/#/swap, and connect your wallet (e.g. MetaMask)
Select the “From” token you want and the “To” token for renBTC
Enter the amount you want to swap, click the “Swap” button and wait for transaction confirmation. After that, the renBTC will be in your wallet

Enter the amount you want to mint with BTC and click the “NEXT” button
Confirm the “Destination” address, click the “CONFIRM” button (The address is the Ethereum wallet address you want to receive the renBTC)

Click the “Submit to Ethereum” button and then click the “Confirm” button in your wallet after transferring the BTC
Wait for the confirmation and you will see the renBTC in your Ethereum wallet

Go to https://www.curve.fi/ren/deposit
Click the “Connect wallet” button to connect your Ethereum wallet (When you connect the wallet successfully, you can see the available renBTC amount in Curve.fi)
Enter the amount of renBTC you wish to deposit and click the “Deposit” button (Don’t click the “Deposit & Stake in gauge” button in the right hand)
Sign the transaction and wait for confirmation. Once confirmed, an equivalent amount of renCrv LP tokens will be deposited to your wallet (e.g. MetaMask)

Supplemental Information

If your wallet doesn’t display automatically, you can add the token by submitting the contract address 0x49849C98ae39Fff122806C06791Fa73784FB3675

Enter acBTC dApp — https://app.acbtc.fi
Click the “Connect” button in the upper right corner to connect your Ethereum wallet
In the Dashboard, click the “Create” button in the Overview module to create a Smart Account. Read the statement and click “Create Your Account” (Please pay attention that it needs to wait for a while for confirmation)

Sign the transaction and wait for confirmation. Once confirmed, you will see a Smart Account wallet address

In the Dashboard, click the “Deposit” button in the Overview module to deposit your renCrv LP tokens (You also can use the QR code or smart account address to receive the deposit)

Select “renCrv” as the token type
Enter the amount and click the “Deposit” button. Wait for transaction confirmation.

Supplemental Information

“Depositor’s Balance” displays the amount of renCrv LP token in your Ethereum wallet (e.g. MetaMask).

Click “Savings” and select the “renCrv” strategy
Click the “Approve” button to approve the transfer of tokens from your Smart Account to the savings strategies (If you have approved any strategies before, you can skip to the next step)
Enter the amount and click the “Save” button
Alternatively, you can also earn in the Details Page by clicking on the three dots located on the far right of the strategy

Supplemental Information

Auto Savings enables the idle assets in your Smart Account to be automatically put to use by staking in various yield generating strategies

Click “Savings” and select the “renCrv” strategy
Goto the Details Page by clicking on the three dots located on the far right of the strategy
Click the “Claim Rewards” button on the “AC Ready for Claim” section. AC rewards will be automatically deposited to your Smart Account
Currently, the renCrv rewards are accrued to your savings balance. When you claim back your renCrv, the original saved balance together with the renCrv earned will be automatically deposited to your Smart Account

Supplemental Information

“AC Ready for Claim” represents the amount of AC rewards that haven’t been claimed
“Saved Value” represents the total value and the total amount of renCrv saved by all users
“APY” represents the APY of renCrv strategy
“renCrv Saved” represents the amount of renCrv you have transferred to the Savings strategy
“AC earned” represents the sum of AC claimed, AC ready for claim and AC Boosters granted that you have earned
The vesting period is 50 weeks in phase 1 which means 1/50 of the AC Booster Granted will be automatically deposited into your Smart Account at the start of each week
The Granted amount = the Vested amount + the Unvested amount

Click “Savings” and select the “renCrv” strategy
In the claim section, enter the amount and click the “Claim” button
Alternatively, you can also claim in the Details Page by clicking on the three dots located on the far right of the strategy
Claimed renCrv LP tokens will be automatically deposited to your Smart Account
If you wish to withdraw the balance from your Smart Account, you can click the “Withdraw” button in the Overview module located on the Dashboard page