Staking & Unstaking
Last updated
Last updated
After ensuring both EVM wallet and BTC wallet are connected, enter the Stake Tab and pledge the desired amount of BTC you would like to stake. When the pledge is successful, you will receive kBTC tokens equivalent to the amount of BTC you pledged. The current connected EVM wallet address will receive kBTC on the user preffered network.
If you would like to exchange your kBTC back for BTC, first enter the Unstake Tab. Here you can withdraw the BTC you previously staked on the Kinza platform to any native BTC receiving wallet address.
The only proof of withdrawal is kBTC in the EVM wallet address. This means that as long as you have kBTC in your EVM wallet, you can exchange kBTC for BTC using Unstake.
Estimated Time indicates the expected arrival time of the release period.
When you exchange your kBTC for BTC, the kBTC in your EVM wallet is first burnt on the EVM network, then the equivalent amount of BTC on the BTC chain is transferred to your BTC wallet address currently connected to the Kinza platform (as designated in the top right addresses bar).
