PumpBTC Berachain Pre-Deposit Vault Guideline
The PumpBTC Berachain Pre-Deposit Vault represents a revolutionary opportunity for BTC holders to maximize yields across both Ethereum and Berachain ecosystems through a single deposit of WBTC, pumpBTC, FBTC, or cbBTC.
Depositors will earn an unprecedented combination of ETH mainnet yields plus Berachain ecosystem rewards, alongside multiplied point accumulation from both CIAN and partner protocols.
What is the PumpBTC Berachain Pre-Deposit Vault?
PumpBTC Berachain Deposit Vault by CIAN provides the most feasible way for pumpBTC holders to get early access to Berachain incentives from ETH mainnet. Berachain has a Boyco campaign which runs for 3 months to reward early tvl providers and only whitelisted assets can participate. Ylpumpbtc by CIAN successfully got whitelisted on major DeFi primitives including Kodiak, Dolomite, and Beraborrow. Through pumpBTC berachain vault, pumpBTC holders can receive both yields from ETH mainnet strategies and Berachain incentives.
Why Cross-Chain Yield Stacking?
The vault introduces a groundbreaking approach to cross-chain yield generation, eliminating the traditional trade-off between ecosystems. Users no longer have to choose between ETH and Berachain yields - they get both simultaneously.
Our 4-layer yield structure ensures maximum returns through:
Berachain native rewards - $Bera
Bera DeFi yields
Kodiak - $Kodiak
Domolite - $Domo
Beraborrow - $Borrow
LRT/LST Points
pumpBTC Points - $pump 10x points boost (max boost)
FBTC Points - $FBTC
CIAN Yield Layer strategy yields on ETH mainnet
Pendle Rewards - $Pendle
Equilibria Rewards - $EQB
How Does the Vault Work?
The vault employs a sophisticated dual-ecosystem structure:
On Ethereum:
Users only need to deposit BTC assets (WBTC/FBTC/cbBTC/pumpBTC)
Receive pre-deposit vault receipt tokens
Pre Deposit Contract: 0x83B5ab43b246F7afDf465103eb1034c8dfAf36f2
User Receipt Token[ylpumpbtc.bera] Address: 0x83B5ab43b246F7afDf465103eb1034c8dfAf36f2
Assets will be deployed to CIAN Yield Layer and become ylpumpBTC, earning Pendle yields + BTCFi ecosystem rewards on ETH mainnet
On Berachain, via Boyco, ylpumpBTC will be:
Supplied to Dolomite as collateral
Supplied to BeraBorrow
Paired up with pumpBTC to supply into Kodiak Liquidity Pool
Earn BGT rewards from staking
Risk Statement
Protocol Risk: The LRT/LST price may depeg from BTC price.
Smart Contract Risk: Unknown smart contract risks associated with both CIAN and protocols (pendle) incorporated in the yield layer.
Liquidation Risk: Leverage increases the risk of liquidation (but liquidation protection mechanism has beer built into the products).
Bridging Risk: Deposits are sent to Boyco and bridged from Ethereum to Berachain. During the pre-deposit phase, there is no bridge risk. When the Berachain mainnet goes live, your assets are seamlessly transferred and allocated to Berachain.
FAQ
Q1: What is ylPumpBTC?
ylpumpBTC is the receipt token of Pump Yield Layer on ETH mainnet. This receipt token is ETH strategy yield bearning and are whitelisted on Berachain for Boyco.
Q2: What is ylPumpBTC.bera?
ylpumpbtc.bera is the receipt token of pump CIAN bera pre deposit vault. It has nothing to do with ylpumpBTC.
Q3: Will users receive an LP token?
Yes, ylpumpbtc.bera is the LP token for the pump Bera predeposit vault. Despite the similarity in names, it has nothing to do with ylpumpBTC which represents a share of the strategy position of pumpBTC on ETH mainnet.
Q4: How are ylPumpBTC and ylPumpBTC.bera related to PumpBTC?
ylpumpBTC can be received when pumpBTC deposited into Pump Yield layer. It refers to a strategy position on Pendle ETH mainnet.
Q5: How does the PumpBTC - CIAN vault operate?
refer to the flowchart.
Q6: How do users withdraw their funds?
There’s a lock up period, until 3-mon after Berachain Mainnet. After the lock up period, users can withdraw their funds from the predeposit vault on ETH mainnet. Assets will be processed back from Berachain to deliver to users.
Q7: How do users claim rewards ?
Different protocols may have different claim methodologies. According to CIAN’s experience, there are usually two ways claims will be handled: 1) protocols will airdropped directly to tvl providers and CIAN will provide all necessary data for indexing; 2) protocols delivers claims to CIAN vaults and CIAN will hand over the incentives to users either by auto-compounding into the vault value or providing a claim button for users to easily get access to the rewards on webpage.
Last updated
