Liquid Staking Tokens, or LSTs, are tokens you receive when you stake assets like ETH with liquid staking protocols such as Lido. When you stake ETH, for example, you receive stETH in return. Here’s why LSTs matter:

1. Liquidity While Staking: Unlike traditional staking, where your assets are locked, LSTs allow you to trade, lend, or use your staked assets in DeFi while still earning staking rewards.

2. Versatility: LSTs can be used as collateral, traded on DEXs, or leveraged in yield farming strategies, offering more utility than just holding staked assets.

3. Increased Yield: By utilizing LSTs in DeFi, you can earn additional yields on top of staking rewards.

DZap now makes it possible to mint LSTs directly, even if your assets are on a different chain. For example, if you have USDC on Polygon but want to mint stETH on Ethereum, DZap will handle everything in one go—bridging, swapping, and minting—without you having to move your assets manually.

Step-by-Step Guide to Minting LSTs Using DZap

Step 1: Visit DZap’s Bridge

• Go to https://app.dzap.io/bridge.

• This is where you’ll initiate the minting process by connecting your wallet.

Step 2: Select Tokens for Swapping

• In the "You Pay" section, select the token you currently hold on a different chain.

• For this example, choose USDC on the Polygon network.

• Enter the amount of USDC you wish to use for minting LSTs.

  • Example: Enter 100 USDC.

Step 3: Choose stETH as the Destination Token

• In the "You Receive" section, select stETH (Lido Staked Ether) as the token you want to receive on the Ethereum network.

• This tells DZap that you want to receive stETH on Ethereum after bridging and swapping.

Step 4: Set Up the Transaction

• Ensure the "Send to" toggle is off if you want the stETH to be sent to your connected wallet.

• Review the swap details, which include:

  • Rate: For instance, 1 USDC.e = 0.0002802 stETH.

  • Slippage Tolerance: Set a slippage tolerance (e.g., 1%).

  • Estimated Gas Fees: See an estimation of the gas fees for the transaction.

Step 5: Bridge and Mint in One Transaction

This is where the magic of DZap’s omni-chain infrastructure comes in! DZap will handle everything in a single transaction:

1. Bridging: USDC will be bridged from Polygon to Ethereum.

2. Swapping: The bridged USDC will be swapped for ETH on Ethereum.

3. Minting stETH: DZap will interact with Lido’s smart contract to mint stETH and send it to your Ethereum wallet.

Step 6: Confirm the Transaction

• Review all transaction details, including bridging, swapping, and minting steps.

• Click on the "Swap" or "Confirm" button to execute the transaction.

• Once confirmed, your stETH will appear in your Ethereum wallet!

Why Mint LSTs with DZap?

• All-in-One Transaction: No need to perform multiple steps—DZap bundles everything into one transaction, saving time and gas fees.

• Cross-Chain Flexibility: Start with assets on any chain and mint LSTs on Ethereum, thanks to DZap’s omni-chain liquidity layer.

• User-Friendly: The interface is designed for both beginners and experienced DeFi users, making the process easy and intuitive.