Protocol FAQ
When will phase 2 launch?
Phase 2 will deploy as Botanix matures from Proof of Authority to Proof of Stake.
How are points determined?
Points are determined using the following calculation
Points are accrued per block calculated as rovBTC / per block. For more information visit.
10% of all referred user's points (10% of points earned from staking, not points earned from referrals).
Where can I use my rovBTC?
rovBTC is integrated throughout Botanix's DeFi ecosystem. Check here for our ecosystem list.
How does rovBTC increase in value over time?
rovBTC is a reward-bearing BTC derivative that maintains a fixed token balance in your wallet while its value appreciates over time through an increasing exchange rate. As rewards accumulate, the rovBTC/BTC exchange rate gradually rises, reflecting the growing value of the underlying asset. When you choose to redeem your rovBTC, you’ll receive more BTC than your original deposit, making it a passively appreciating and capital-efficient asset.
Will you earn points if rovBTC is purchased on secondary markets?
No, purchasing rovBTC on the secondary market will not earn you staking rewards or points. The rewards and points system is specifically designed to encourage users to stake and then utilize rovBTC within the DeFi ecosystem.
Last updated