NUTS Finance
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NUTS Finance

renCrv LP Strategy Guide

*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

Part II: How to get renBTC with BTC

  • 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)
  • Transfer your BTC to the displayed address
  • 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

Part III: How to get renCrv LP tokens

  • 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

Part IV: How to create a Smart Account on acBTC

  • 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

Part V: How to deposit renCrv LP tokens to Smart Account

  • 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).

Part VI: How to transfer your renCrv LP tokens to Savings strategy

  • 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

Part VII: How to claim AC and renCrv rewards

  • 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

Part VIII: How to remove renCrv LP tokens from Savings strategy

  • 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

Supplemental Information

  • The balance above the “Claim” button represents the available amount that you can claim

Still have questions? Join our Discord channel for live updates!

💬 Join Us on our Journey!

Twitter: @ACoconutDAO

Discord: https://discord.gg/mvANFYe

Telegram: t.me/acbtc_community

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