Use Bitcoin Vaults
Deposit LBTC or other BTC assets into vaults that automatically deploy your capital across DeFi strategies. You earn yield without managing positions yourself.
How Vaults Work
You deposit LBTC (or wBTC, cbBTC) into a vault.
The vault deploys your capital across DeFi protocols (lending, liquidity, yield trading).
You receive a receipt token representing your share.
Rewards auto-compound, your receipt token grows in value.
Withdraw anytime (processing time varies by vault).
All vaults are managed by professional operators who handle rebalancing, compounding, and risk management.
Check the Vaults Dashboard for the full list and current APYs.
Deposit to a Vault
Before You Start
You need LBTC (or accepted BTC asset) on the vault's network.
You need native tokens for gas (ETH for Ethereum/Base, BERA for Berachain).
Steps (Lombard DeFi Vault)
Go to lombard.finance/app/vaults.
Connect your wallet on Ethereum or Base.
Select the Lombard DeFi Vault.
Choose the asset to deposit (LBTC, wBTC, cbBTC, or eBTC).
Enter the amount.
Approve the vault contract (first time only).
Confirm the deposit transaction.
Receive BTCe in your wallet.
Your BTCebalance and accrued rewards appear in the dashboard, updated hourly.
Import BTCe to Your Wallet
If BTCe does not appear automatically:
Ethereum
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Withdraw from a Vault
BTCe can only be redeemed for LBTC (regardless of what you deposited).
Steps
Go to the vault dashboard.
Select Withdraw.
Enter the amount of BTCe to redeem.
Confirm the transaction.
Wait 3 days for processing.
LBTC arrives in your wallet.
Important
You cannot start a new withdrawal while one is pending.
Keep token approvals enabled during the 3-day period.
Some wallets auto-revoke approvals,this will cancel your withdrawal.
Why Withdrawals Get Cancelled
Withdrawing is a two-step process:
You sign a message authorizing the vault to process your request.
The queue contract fulfills the request after 3 days.
If your wallet revokes the approval before the 3 days complete, the withdrawal cancels. Check your wallet's security settings if this happens.
Risks
Smart Contract Risk
Vaults interact with multiple DeFi protocols. Each protocol carries its own smart contract risk. Audits reduce but do not eliminate this risk.
Lombard DeFi Vault Audit: github.com/Se7en-Seas/boring-vault/tree/main/audit.
Strategy Risk
Vault returns depend on underlying DeFi protocol performance. Yields can be lower than expected, and in extreme cases, strategies may result in losses.
Liquidity Risk
During the withdrawal period (3 days for Lombard DeFi Vault), you cannot access your funds. Market conditions may change during this time.
Next Steps
Use LBTC — Get LBTC to deposit into vaults
DeFi Marketplace — Explore individual protocol opportunities
Lux Rewards — Maximize points while earning yield
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