Earn Bitcoin on Venus Protocol Using Trust Wallet
Venus Protocol has emerged as one of the most popular DeFi lending platforms on Binance Smart Chain (BSC). Download Trust Wallet to start earning BTCB tokens on Venus.
How to Earn Bitcoin Using Trust Wallet
Swap your BNB to BTCB
Convert BNB (BEP20) into BTCB via Trust Wallet DEX
Access Venus Protocol in the DApp Browser
Click on the Browser in the menu and look for Venus in the DeFi section, deposit BTCB in a lending pool, and start earning interest in BTCB.
Deposit BTCB in Decentralized Lending Pools to Earn More BTCB
Deposit BTCB in a Venus lending pool to earn interest payments paid out in BTCB (plus XVS tokens as a liquidity mining reward).
Swap BNB to BTCB Using Trust Wallet
Exchange BNB (BEP20) into BTCB (BEP20) in your Trust Wallet app so that you can deploy BTCB tokens in a range of DeFi protocols on Binance Smart Chain.
Use Venus with Trust Wallet DApp Browser
The Trust Wallet DApp Browser enables you to seamlessly and securely participate in the decentralized lending market on Binance Smart Chain. What's more, you can swap your pegged bitcoin tokens (BTCB) into other BEP20 assets directly in Trust Wallet at any time.
How to Earn Interest on Bitcoin Using Venus
Earning Bitcoin on Venus is surprisingly easy if you have a basic understanding of how DeFi apps work. And even if you don't, you can simply follow these steps:
- Download Trust Wallet (available for Android and iOS).
- Swap BNB (BEP20) tokens into BTCB (BEP20) in the Trust Wallet app.
- Open the DApp Browser and access Venus in the DeFi section.
- Click on the Dashboard and connect your Binance Smart Chain wallet.
- Choose the BTCB Supply Market and approve BTCB as collateral (by signing the smart contract transaction using Trust Wallet).
- Enable BTCB Supply by signing the transaction.
- Deposit the amount of BTCB you would like to place in the lending pool and confirm the transaction.
- Start earning interest (in BTCB) and liquidity mining rewards (in XVS) almost immediately.