Step 1: Stake ETH and receive stETH
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Connect your wallet: In the Tokenlon web app, connect your ETH wallet. Supports any wallet connection including imToken, MetaMask, etc.
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Staking page: Select Staking, and enter the staking interface as below
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Staking process: Enter the amount of ETH you wish to stake, and confirm the stETH that will be received, then click on ‘Stake’ to prompt a confirmation from your wallet. Click ‘Confirm’ to confirm the transaction and proceed to authorize. Once this is completed, you will receive stETH upon successful staking of your ETH.
Step 2: Redeem stETH for ETH
Option 1: Redeem via Lido (with waiting time)
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Click ‘Redeem’, and select Lido as redemption method.
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Once redemption has started, you can check the progress via ‘Collect ETH’ below. After the waiting period is over, click on ‘Redeem’ button, sign the authorization and collect your ETH.
Option 2: Swap with Tokenlon (Instant redemption)
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Select Tokenlon swap, click on ‘Swap with Tokenlon’ and enter the Tokenlon Instant Swap interface to authorize stETH.
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After authorization you can directly swap stETH for ETH. Enter the amount to swap and proceed.
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Confirm the transaction via your wallet to swap.
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Receive your ETH immediately via Tokenlon’s swap option.
Step 3: Wrap stETH into wstETH
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Select ‘Wrap’: Wrap stETH into wstETH (wrapped stETH), input the amount of stETH to wrap, and complete the stETH authorization.
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Confirm wrap: Click on ‘Wrap’ to wrap stETH into wstETH, providing more liquidity and opportunities for returns.
Step 4: Unwrap wstETH into stETH
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Select ‘Unwrap’: To unwrap stETH into wstETH, click on ‘Unwrap’, and confirm the transaction. After unwrapping, you will receive your initial stETH.
Tips：
- Liquidity: wstETH provides higher liquidity and can be used with other DeFi applications
- Fees and time: Tokenlon instant swap allows you to complete redemption instantly. Pick your redemption method according to your personal needs.