Depositing to Vaults

Depositing cbBTC into Sova Vaults

Deposit cbBTC into Sova Vaults to earn yield from cross-chain settlement activity. Receive svBTC as your tokenized vault position.

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Overview

Parameter	Value
Minimum Deposit	$500 USD equivalent in cbBTC
Transactions	2 (approval + deposit)
Gas Cost	~$0.10-0.20 on Base
Time	~1 minute

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Prerequisites

• cbBTC on Base (minimum $500 equivalent)

• ETH on Base for gas (~$0.20)

• Wallet connected to app.sova.io

Need cbBTC? Purchase on Coinbase and withdraw to Base, or swap on Aerodrome.

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Deposit Process

Step 1: Navigate to Vaults

Go to app.sova.io/vaults and select the svBTC Vault.

Step 2: Enter Amount

1. Enter cbBTC deposit amount

2. Review svBTC amount (based on current exchange rate)

3. Verify displayed APY estimate

Step 3: Approve cbBTC

First-time depositors must approve token spending:

1. Click Approve

2. Confirm approval transaction in wallet

3. Wait for confirmation

Token approval is one-time. Subsequent deposits skip this step.

Step 4: Confirm Deposit

1. Click Deposit

2. Review transaction details

3. Confirm in wallet

4. Wait for Base confirmation (~2 seconds)

Step 5: Receive svBTC

svBTC tokens appear in your wallet automatically upon confirmation.

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svBTC Token

Property	Value
Token Name	svBTC
Standard	ERC-4626
Decimals	8
Contract	0xdFc4047620bd71F3dd781f1048f6890b76281D36

Exchange Rate

The svBTC:cbBTC exchange rate appreciates as yield accrues:

Timeframe	Rate	Holdings
Deposit Day	1 svBTC = 1.0000 cbBTC	1.0000 svBTC
After 1 Year	1 svBTC = 1.0850 cbBTC	1.0000 svBTC (redeems for 1.0850 cbBTC)

Your svBTC balance remains constant. Its redemption value increases.

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Withdrawing

Standard Withdrawal

1. Navigate to vault page

2. Select Withdraw tab

3. Enter svBTC amount

4. Confirm transaction

5. Receive cbBTC plus accumulated yield

Withdrawal Queue

Large withdrawals or high-activity periods may enter a processing queue:

Status	Description
PENDING	In queue, awaiting processing
READY	Available to claim
COMPLETED	Successfully claimed

Check withdrawal status on the Redemptions page.

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Troubleshooting

"Insufficient Balance" Error

• Verify cbBTC balance meets $500 minimum

• Ensure sufficient ETH for gas

• Confirm wallet connected to Base Mainnet

Transaction Failed

• Verify approval transaction completed first

• Check gas settings are adequate

• Refresh page and retry

svBTC Not Visible

Import token manually:

Parameter	Value
Contract	0xdFc4047620bd71F3dd781f1048f6890b76281D36
Symbol	svBTC
Decimals	8

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Next Steps

Swapping