Pegin Process Flow
- Generate Address: You send BTC to a unique, one-time address generated for your account.
- UTXO Monitoring: The Blend Indexer monitors the Bitcoin blockchain for your transaction.
- Botanix Pegin: The Botanix network processes the “pegin,” confirming your deposit on-chain.
- Credit Wrapped BTC: Your Safe is credited with the corresponding amount of wrapped BTC (wBTC).
- Automatic Allocation: The newly credited wBTC is automatically allocated to yield strategies according to your selected risk profile.
This process abstracts away the complexity of bridging, allowing you to use native BTC in DeFi seamlessly.