# How to mint oBTC on Obelisk

## Introducing Obelisk: Unlocking Bitcoin's DeFi Potential

**Obelisk** is dedicated to transforming Bitcoin into a dynamic financial tool by seamlessly integrating it with Decentralized Finance (DeFi). We're establishing a universal standard for Bitcoin, secured by key players in the Bitcoin ecosystem. Our goal is to enable yield-bearing Bitcoin to move across chains without fragmenting liquidity, making it a major catalyst for new capital inflow into DeFi.

## Our Flagship Product: oBTC

**Convert BTC into** oBTC on EVM to unleash Bitcoin's DeFi potential:

* **Earn Yield:** Utilize various yield pools to earn returns from Bitcoin Layer1.
* **DeFi Interoperability:** Hold Bitcoin as a store of value while simultaneously earning, staking, trading, and engaging with DeFi at scale.

### How to mint oBTC on Obelisk 

1. **Deposit BTC**:
   * Go to the "Deposit" tab on the Obelisk web frontend.
   * Select "BTC (Bitcoin L1)" from the available options.
   * Enter the amount of BTC you wish to deposit.
   * Click the "Deposit" button to initiate the deposit process.\
     ![](/files/sklPwT8IvKsQPcae3C7T)
2. **Monitor the Deposit Status**:
   * Navigate to the "Deposit" tab to view the deposit record.
   * The deposit will initially have a "Pending" status, indicating that the transaction is being processed.
3. **Mint oBTC**:
   * Once the deposit is complete and the status changes to "Mintable", you can proceed to the "Mint" tab.
   * In the "Mint" section, you will see the claimable amount of oBTC (0 oBTC) corresponding to your BTC deposit.
   * Click the "Claim" button to mint the oBTC.\
     ![](/files/94ZdTMoQkJXxt6YkLtIk)
4. **Verify the Minted oBTC**:
   * After minting, you can check the "Receive" section to see the balance of your minted oBTC.
   * The "Balance" field will show the amount of oBTC you have received.
5. **Withdraw oBTC (Optional)**:
   * If you wish to withdraw your oBTC, navigate to the "Withdraw" tab.
   * Select the "oBTC" option and enter the amount you want to withdraw.
   * Click the "Withdraw" button to initiate the withdrawal process.

## Key Features

1. **BTC Liquid Token:**
   * **Deposit BTC:** Retail investors can deposit BTC via Multi-Party Computation (MPC) and map it to oBTC .
2. **Yield Generation:**
   * **Yield Pools:** Deposit oBTC into yield pools where the underlying BTC follows specific yield strategies.
   * **Strategy Types:** DeFi strategies use time-weighted points, while CeFi strategies use traditional fund net value management.
3. **Governance:**
   * **Strategy Management:** Oversee DeFi and CeFi strategies.
   * **Mapping Execution:** Manage oBTC mapping.
   * **Incentives:** Distribute points and $OB tokens as incentives.
4. **OmniChain Compatibility:**
   * **Cross-Chain Movement:** Enable native cross-chain functionality for oBTC and oyBTC.

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