How does BitChill work?
We use the DCA (Dollar Cost Averaging) strategy to buy rBTC periodically.
1. Connect your wallet.
Use your Rootstock-compatible wallet.
2. Choose amount and frequency
Define how much and how often to buy rBTC.
3. Deposit DOC/USDRIF
Deposit stablecoins to start periodic purchases of rBTC.
4. Automatic purchases
BitChill buys rBTC periodically for you.
While you wait for your automatic purchases, you are earning interest
Your funds are lent on Sovryn to earn yield.
Returns are not guaranteed and may vary.
1 rBTC = 1 BTC
BitChill operates on Rootstock, an EVM-compatible Bitcoin sidechain, whose native token is rBTC. You can convert between rBTC and BTC in a 1 to 1 ratio.
How much does it cost to use BitChill?
1% fee per automatic purchase.
Rootstock network gas only on deposits and withdrawals.
We recommend less frequent deposits and withdrawals to optimize fees.
Frequently Asked Questions
No, BitChill is non-custodial, it can only spend the user's periodic amount on rBTC at their selected frequency. Only users can withdraw their deposited funds, yield or purchased rBTC.
If you have funds on other networks you can swap them for rBTC, DOC or USDRIF on Rootstock on Jumper Exchange.
DOC is recommended because it is exchanged for rBTC via Money On Chain’s redemption mechanism (primary market). USDRIF, on the other hand, is swapped on Uniswap (secondary market), typically at a slightly higher price and with some slippage on purchases.
Your deposited stablecoins get variable APY in Sovryn.
Yes, with services like Boltz.exchange or PowPeg.
We only charge 1% per purchase. Nothing else. For example: if you buy $100 per week, that’s $1 in fees each time (surely compensated by the interest earned on your deposited capital). You also pay Rootstock gas fees when you deposit and withdraw; that cost depends on gas and BTC prices at the time. Fewer, larger deposits and withdrawals help keep costs down.
Yes. BitChill's smart contracts have been audited. You can read the full reports in our documentation.