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Wrap Bitcoin

Wrapping Bitcoin in Oyl simulates converting your BTC into frBTC alkane, a test token that can be used in swaps and to provide liquidity on the platform. This helps you explore DeFi features on Oylnet without using real Bitcoin.

How Wrapping Works​

  • When you wrap BTC, you receive frBTC alkane tokens in your portfolio.
  • These tokens can be used just like real wrapped Bitcoin: swap them for other tokens or supply them to pools for liquidity rewards.
  • On Oylnet, this process is for testing and simulation only—no real Bitcoin is moved.

Step 1: Open the Wrap BTC Tab​

Navigate to the Wrap BTC section in the Oyl app.

Wrap Default The default Wrap BTC screen in Oyl.

Step 2: Input Amount is Locked​

  • The input amount for wrapping is locked to 0.1 BTC.
  • There’s no need to enter a number—just proceed with the default value.

Step 3: Sign the Transaction​

After confirming, you will be prompted to sign the transaction in your wallet.

Wrap Sign Sign the wrap transaction in your wallet.

Step 4: Success!​

Once the transaction is confirmed, you’ll receive frBTC alkane in your portfolio and can use it for swaps or liquidity.

Wrap Success frBTC alkane successfully received!