Lido Binance Web3 Wallet Tutorial

September 3rd, 2024

Lido Task Tutorial on Binance Web3 Wallet

Task Description

Users who successfully bridge wstETH to the BNB network using the Portal Bridge may be eligible for additional rewards after the campaign concludes. The minimum amount of wstETH required to qualify is 0.01. To remain eligible, the funds should not be bridged back during the campaign.

Step 1: Navigate to Lido in the DApps Section

Access the Discover Tab:
- Open your Binance Web3 Wallet.
- Tap on the "Discover" tab at the bottom of the screen.
Find Lido:
- Select the "DApps" section.
- Look for Lido in the Staking & Restaking category or use the search bar to find it.
- Tap on the Lido icon to open it.

Tap on the "Discover" tab at the bottom of the screen.

Step 2: Switch to Ethereum Mainnet

Once Lido's page opens, navigate to the top right corner, tap on Wallet name, and switch your network from BNB to the Ethereum Mainnet.
Under the networks category, scroll down and select Ethereum.

Once Lido's page opens, navigate to the top right corner.

Switch your network from BnB to the Ethereum Mainnet

Step 3: Connect Your Binance Wallet to Lido

Connect Wallet:

You will see an option to "Connect wallet".
Tap on "Connect wallet" and select Binance Web3 Wallet from the options.

Step 4: Wrap Your ETH to wstETH

Wrap ETH:

After connecting your wallet, you will be redirected back to the Lido interface.
Navigate to the Wrap & Unwrap section in the staking widget.
Change from stETH to ETH from the drop down menu
Enter the amount of ETH you wish to wrap (minimum 0.01 ETH to be eligible for rewards).
Select Wrap and confirm the transaction to stake your ETH. You will receive wstETH tokens in return, representing your staked ETH.

Navigate to the Wrap & Unwrap section in the staking widget.

Change from stETH to ETH from the drop down menu

Enter the amount of ETH you wish to stake and select wrap

Step 5: Bridge wstETH to BNB Chain

     **Portal**

Navigate back to the Binance wallet, and under the “Others” category, find Portal, or alternatively, type portalbridge.com into the DApp search bar.
- Select the "from" network as Ethereum and the "to" network as BSC (BNB Smart Chain).
- Choose wstETH as the asset to bridge.
  
  Connect and Bridge:
- Click Connect wallet and select Binance Web3 Wallet.
- Approve and confirm the transaction to bridge wstETH to the BNB Chain.
- The waiting time is around 15 minutes, after which point your wstETH will be available on BNB Chain.