swBTC is on garden!
Garden is excited to announce partnership with Swell aimed to enable BTC to swBTC swaps under 10 minutes.
gm gardeners!
At Garden, our mission has always been to offer users the most efficient and direct gateway between Bitcoin and DeFi. To further this commitment, we are excited to announce our partnership with Swell, aimed at facilitating seamless swaps between swBTC (Swell Restaked BTC) and BTC in under 10 minutes. Garden is the sole bridge between BTC and swBTC, demonstrating our agility in a rapidly evolving DeFi space.
swBTC represents a groundbreaking innovation as the first Bitcoin liquid restaking token (LRT) that unlocks restaking rewards on Ethereum. By holding swBTC, users can earn restaking yields from platforms like Symbiotic, EigenLayer, and Karak, with the potential to further boost their yield through DeFi opportunities. By integrating swBTC into Garden, we are expanding the utility of Bitcoin, resulting in a more open and accessible financial system.
Here’s what Swell founder Daniel Dizon has to say about this partnership “Bitcoin lying stagnant in wallets everywhere can now easily be switched into swBTC — where it automatically starts accruing restaking rewards and can be deployed in DeFi on Ethereum for additional yield. We are glad to unlock this functionality with Garden."
How to swap BTC to swBTC
- Head to the Swap page and connect your wallet.
- Select BTC as the send asset and swBTC as the receive asset.
- Enter the amount to swap and a Bitcoin Refund Address for refunding your assets in case a counterparty isn’t found.
- Click Initiate and sign the order initiation request.
- Copy the deposit address, send your BTC, and wait for swBTC. This usually takes between 5-10 minutes.
- Click Claim swBTC and sign the claim transaction in the wallet.
Find the detailed guide here.
How to swap swBTC to BTC
- Head to the Swap page and connect your wallet.
- Select swBTC as the send asset and BTC as the receive asset.
- Enter your Bitcoin Receive Address and the amount to swap.
- Click Initiate, sign the request, and confirm the deposit.
- The swap usually takes between 5-10 minutes, when BTC is ready to claim, the claim BTC will be enabled.
- Click Claim BTC and sign the claim request in the wallet.
Find the detailed guide here.
About Swell
Swell is the restaking yield layer for Ethereum. The protocol provides liquid staking and restaking primitives for DeFi and is delivering the first vertically integrated Layer 2 restaked rollup.
About Garden
Garden is the fastest way to swap BTC with any asset, providing a 10x improvement over existing options. It is decentralized, trustless, audited, and not a real garden.
