Binance Launchpool offers a unique opportunity to earn rewards by staking BNB or FDUSD on the platform. Recently, Binance announced that users holding slisBNB are now eligible to participate in upcoming and future Launchpools, enabling them to maximize earning potential while maintaining liquidity.
This guide will walk you through the process of using slisBNB to participate in Binance Launchpool. Whether you're an experienced DeFi enthusiast or a beginner, these steps will help you navigate the process with confidence.
Eligibility Requirements for Binance Launchpool Participation
To participate using slisBNB, you must meet these conditions:
- Hold slisBNB tokens
- Use Binance Web3 Wallet as your holding wallet
How to Set Up Binance Web3 Wallet
If you don't already have a Binance Web3 Wallet, follow these steps to create one:
- Open the Binance app and navigate to the "Wallet" section
- Select "Web3" from the options
- Click "Create Wallet" and follow the setup instructions
👉 Learn more about Binance Web3 Wallet security features
There are two methods to acquire slisBNB in your Binance Web3 Wallet:
- Liquid stake BNB to receive slisBNB
- Directly swap assets for slisBNB
Before proceeding, ensure you have sufficient BNB in your Web3 Wallet to cover gas fees.
Funding Your Binance Web3 Wallet
- Log into your Binance app and select "Wallet"
- Navigate to "Web3" and click "Receive"
- For internal transfers, select "Transfer"
- Choose BNB as the asset and select BNB Smart Chain (BEP-20) network
- Enter the amount and confirm withdrawal
Method 1: Liquid Staking BNB for slisBNB on Lista DAO
Once your wallet is funded, you can begin the liquid staking process:
- Navigate to the "Finance" section in the app
- Locate Lista DAO and select "Stake"
- Connect your Binance Web3 Wallet when prompted
- Enter the amount of BNB you wish to stake (remember to reserve some for gas fees)
- Confirm the transaction and wait for confirmation
- You'll receive slisBNB tokens upon successful staking
Method 2: Direct Swap to slisBNB
Alternatively, you can exchange assets directly for slisBNB:
- Open your Binance Web3 Wallet
- Select the "Swap" tab at the bottom
- Choose the asset you wish to exchange (e.g., BNB)
- Select slisBNB as the receiving asset
- Enter the amount and review details
- Confirm the swap transaction
👉 Discover advanced DeFi strategies for maximizing yields
Frequently Asked Questions
What is the minimum amount of slisBNB required to participate?
There's no minimum requirement, but you'll need enough to cover transaction fees while maintaining a sufficient position to earn meaningful rewards.
How often are Launchpool rewards distributed?
Rewards are typically distributed daily, but check each project's specific terms for exact details.
Can I unstake my slisBNB at any time?
Yes, liquid staking allows for flexible unstaking, though processing times may vary depending on network conditions.
Are there risks associated with using slisBNB in Launchpool?
As with any DeFi activity, risks include smart contract vulnerabilities and market volatility. Always conduct thorough research before participating.
How do I track my Launchpool rewards?
Rewards can be monitored directly in your Binance account under the Launchpool section.
Can I participate with slisBNB from other wallets?
No, only slisBNB held in Binance Web3 Wallet is eligible for Launchpool participation.