Bitcoin Earn

Bitcoin Earn

Bitcoin Earn is a DeFi-protocol by Morpho, available directly in the TON Wallet interface. It allows you to:

  • Deposit cbBTC into Morpho’s dedicated cbBTC Vault and earn variable rewards.
  • Receive bonus rewards in USDT.
  • Start with any amount of cbBTC.
  • Retain full control over your assets: track earnings and withdraw cbBTC at any time under Morpho’s terms.
  • Use a decentralized system — Morpho has no access to your funds.

The DeFi-protocol is conducted by third-party service and is governed by the terms and mechanisms of Morpho. TON Wallet only provides a convenient interface to access the protocol.

What is Bitcoin? What is cbBTC

Bitcoin (BTC) is the native cryptocurrency of the Bitcoin network, used for blockchain transactions, paying fees, and maintaining network operations.

cbBTC (wrapped Bitcoin) is an ERC-20 token issued by Coinbase and backed 1:1 by BTC reserves. Within the TON ecosystem, it becomes available through the TAC infrastructure solution, enabling its use in smart contracts and decentralized applications on the TON network.

Bitcoin is an independent project with no affiliation to the TON Wallet team. 

What do I need to participate in Bitcoin Earn

To participate, you only need:

  • TON Wallet.
  • cbBTC in your TON Wallet balance: you can swap other tokens for cbBTC.
  • TON or Telegram Stars to pay the network fee for the deposit. If you don’t have TON, the fee can be paid in USDT.

How to deposit cbBTC

  1. Open the ‘Earn’ section in the bottom menu of your TON Wallet and select Bitcoin.
  2. On the Bitcoin Earn page, tap ‘Deposit’.
  3. Enter the amount you want to allocate, review the fee, and then confirm the operation by tapping ‘Confirm and Deposit’.

The process takes only a few minutes. Once the transaction is confirmed, it will appear as successful, and your assets will start participating in the strategy and earning rewards, and the deposited amount will be visible on the protocol page.

How much can I deposit into Bitcoin Earn

You can deposit any amount of cbBTC, there are no minimum or maximum deposit limits.

What is Morpho

Morpho is a decentralized lending platform designed to simplify borrowing and onchain lending strategies. Through Vault smart contracts, it allows users to deposit cbBTC into a dedicated vault (the cbBTC Vault), where funds may be allocated across Morpho lending markets as part of yield strategies, providing a complete infrastructure from deposit to withdrawal. Learn more about Morpho here.

What is the role of TON Wallet in Bitcoin Earn

The Bitcoin Earn DeFi-protocol is provided by a third-party organization. TON Wallet serves only as a convenient interface to access the protocol. The terms and mechanisms of its operation are determined by Morpho. We recommend reviewing its policies and rules before participation.

Where do the rewards come from

Base rewards are generated through Morpho’s dedicated cbBTC Vault, where your cbBTC are deposited. You can learn more about how yield is generated in the cbBTC Vault here.

Bonus rewards are provided by TAC to celebrate the launch of Bitcoin Earn and are available for a limited time. Their distribution is based on the list of participants and the volume of their deposits in the protocol — this data is used to calculate the amount of additional reward.

What does APY Mean

APY (Annual Yield or Annual Percentage Yield) shows the percentage of income you can earn over a year on the funds deposited in Bitcoin Earn. It takes into account both the base rewards from the cbBTC Vault and the bonus rewards.

When you deposit cbBTC, you immediately see an estimated 1-year return based on the current APY and token market price. The actual return may differ due to changes in the APY and cbBTC price.

The APY may change over time due to market conditions, strategy, and other factors. The up-to-date APY is always available on the Bitcoin Earn page.

How does Bitcoin Earn work

In the TON Wallet interface, you only see the deposit and withdrawal of cbBTC — all internal cbBTC Vault operations are executed automatically.

How can I see my earnings

Base rewards start accruining immediately after your deposit. They are reflected as a rising balance on the Bitcoin Earn page or ‘Earnings Assets’ section – which updates in real time. 

Bonus rewards are credited starting from the day after your deposit and are shown in the corresponding section on the protocol page.

How to withdraw funds

Withdrawing cbBTC:

To instantly withdraw cbBTC from Bitcoin Earn, tap 'Withdraw' on the protocol page, review the fee, and select “Confirm and Withdraw.” If there is insufficient liquidity in the pool, withdrawals may be unavailable or limited to part of the amount. In this case, you can withdraw part of the amount or wait for the reserve in cbBTC Vault to refresh (updated regularly).

Withdrawing bonus rewards in USDT:

  • Open the protocol page and tap “Claim” in the “Bonus Rewards” section.
  • Review the fee and tap “Confirm and Claim”.

After the withdrawal transaction is successfully processed, its status will change to 'Successful' and the funds will be credited to your TON Wallet.

Fees in Bitcoin Earn

Deposit: When depositing cbBTC, a network fee applies (from 0.02 to 1.4 TON), which can be paid in TON or Telegram Stars. If you don’t have TON, the fee can be paid in USDT. After the transaction is confirmed, any unused portion of the fee is automatically returned to your wallet.

Withdrawal: A network fee from 0.02 to 1.4 TON also applies when withdrawing funds (cbBTC and bonus rewards), payable in TON or Telegram Stars. If you don’t have TON, the fee can be paid in USDT. After confirmation, any unused portion is returned to your wallet.

Note: 

  • All fees are displayed on the transaction confirmation screen so you can review them before completing the operation.
  • You can change the transaction fee payment method (TON, Telegram Stars, or USDT) in the ‘Network Fee’ field on the transaction confirmation screen.

Are there regional restrictions for participation

According to the TON Wallet Terms of Use, TON Wallet is not available in certain countries. You can view the list of restricted countries here.

Additionally, the third-party partner providing the Bitcoin Earn services in TON Wallet has their own terms and conditions, which may include national or regional restrictions. Depending on these terms, the DeFi-protocol may not be available in your region and/or jurisdiction.

Quick solutions to common issues

Situation

Possible cause

What to do
Unable to withdraw funds  There is not enough liquidity in the reserve pool to process your request. Wait for some time, the reserve will be replenished and you can try again.
APY has decreased APY is volatile and depends on market conditions. Check cbBTC Vault updates — this may be temporary. 
The Earn or Bitcoin Earn section is not visible in TON Wallet Regional restrictions or temporary suspension of the protocol. If you are in a country where the service is unavailable, the protocol will not appear. Also check TON Wallet’s official channel for any announcements about temporary suspensions.
Error 'You don’t have enough TON, USDT or Telegram Stars to pay for transfer fee' when confirming a transaction Your balance doesn’t have enough USDT, TON or Telegram Stars to cover the network fee. Check your balance and leave a small amount for the fee, which may range from 0.02 to 1.4 TON. If needed, top up your TON Wallet.

If the problem persists, contact our support team — we’ll help you resolve it.

Are there any risks involved with participating in Bitcoin Earn

Note: Bitcoin Earn is a DeFi-protocol with a more conservative (low) risk profile compared to other protocols available in the TON Wallet interface. Learn more

As with any DeFi project, Bitcoin Earn carries certain risks. Morpho operates on open-source smart contracts that have passed independent audits, and asset management is handled exclusively through these contracts — the service does not have access to your funds.

Note: withdrawal of the full deposit amount may be temporarily unavailable if there is insufficient liquidity in the pool. In this case, you can:

  • withdraw the available portion of your funds;
  • wait for the cbBTC Vault reserve to be replenished (the reserve is updated regularly).

Before participating, review all available information and consider the potential risks. You can learn more about the risks and mitigation measures on the Morpho website.

Note: DeFi projects are managed by third-party entities that are not affiliated with TON Wallet. TON Wallet simply provides a convenient interface for accessing these projects. Any information we provide is not and should not be considered investment, tax, financial, legal advice, or a trading recommendation.

TON Wallet is not responsible for the organization, execution, or outcomes of any DeFi project.

TON Wallet does not guarantee the availability, eligibility for, or receipt of any rewards, and assumes no responsibility for any losses, delays, or disputes arising from participation in such DeFi projects.

Always do your own research (DYOR) and carefully assess risks before participating in any DeFi service.

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