You can now stake ETH on Mantle to share 2,500,000 COOK rewards, along with approximately a 3% APR yield and a 5% COOK airdrop from Season 1: Methamorphosis. Eligible users who stake and bridge more than 0.02 ETH on Mantle via Binance Web3 Wallet during the campaign period will be able to share rewards. For more details, please visit the campaign landing page.
Campaign period: 2024-08-08 00:00:00 (UTC) to 2024-08-22 23:59:59 (UTC)
How to set up the Binance Web3 Wallet and get ready for the campaign?
You may skip steps 1-3 if you already have a backed-up Binance Web3 Wallet. Find out more about Binance Web3 Wallet here.
1. Download the Binance app and ensure it’s in the latest version. Register for a Binance account and complete identity verification.
2. Tap [Wallets] and go to the [Web3] tab.
3. Follow the instructions to create your Binance Web3 Wallet. Please note that you must back up your Web3 Wallet before moving on to the next step.
4. Deposit or transfer ETH to your Binance Web3 Wallet:
- Transfer funds from the Binance Exchange Wallet to the Binance Web3 Wallet using the [Transfer] button.
- Or send ETH from an external wallet to your Binance Web3 Wallet using the [Receive] button.
Please note that you must have some extra ETH (worth $15-20 in ETH) to cover the gas fees for bridging your ETH tokens to Mantle.
For more details, please refer to How to Send and Receive Tokens on Binance Web3 Wallet?.
How to join the campaign to stake and bridge ETH on Mantle?
1. Log into your Binance Web3 Wallet and go to [Earn] - [Yield+].
2. Tap the Mantle campaign banner. On the campaign landing page, tap [Join Now] to be redirected to the Mantle mETH staking page, or tap [Stake] within the Mantle project under the Ethereum tab in the wallet.
3. Connect your Binance Web3 Wallet to Mantle.
4. Please note that to be eligible for the campaign rewards, you have to deposit a minimum of 0.02 ETH. Make sure you have a sufficient ETH balance in your wallet for staking and bridging transactions.
5. Enter a minimum of 0.02 ETH, confirm the transaction cost, then tap [Stake and Bridge] or [Stake Only].
Note: [Stake and Bridge] and [Stake Only] qualify you for different promotions. For more details, please visit the campaign landing page.
6. Check that the details are correct before tapping [Confirm] to sign the transactions.
- If you choose [Stake Only], you’ll only need to confirm the transaction once.
- If you choose [Stake and Bridge], you’ll need to confirm the transaction three times.
7. Once complete, you’ll see a [Success] pop-up and receive mETH and 1 MNT on the Mantle Chain.
How to withdraw my ETH from this campaign?
To withdraw your ETH from the Mantle Chain, you need to first bridge your mETH back to Ethereum and unstake.
Please note that you’d need to pay gas fees on Mantle to bridge mETH back to the Ethereum mainnet.
1. Go to Binance Web3 Wallet and tap [Discover] - [DApps].
2. Search for “Stargate Finance” to enter its DApp. Go to the [Transfer] page.
3. Enter the amount of mETH you’d like to bridge from Mantle to Ethereum and tap [Transfer]. Ensure that the details are correct before signing the transaction.
4. Once bridging is successful, you’ll see a [Transaction Completed] pop-up and receive mETH on Ethereum.
5. Go to [Earn] - [Yield+], tap [Stake] within the Mantle project under the Ethereum tab in the wallet to visit Mantle’s website.
The minimum unstaking amount is 0.01 ETH. For amounts smaller than 0.01, you may check the available CEXs and DEXs on the Explore page.
6. Make sure you’re on the Ethereum network and tap [Unstake] on the top menu. Enter the amount that you’d like to unstake and select [Approve mETH]. Check that the details are correct before tapping [Sign] and [Confirm] the transaction.
7. The unstaking process may take up to a few minutes to complete. Once successful, please note that it could take up to 3 - 4 days before you can claim your ETH.
8. Once your unstaking request is approved, tap [Claim] on the top menu. Check that the details are correct before tapping [Claim] - [Confirm]. You’ll then receive ETH on the Ethereum Chain.
How to get MNT on Mantle Chain to pay for gas fees when withdrawing my ETH?
Users who choose [Stake and Bridge] will receive a default airdrop amount of 1 MNT on the Mantle Chain. Typically, 1 MNT is sufficient for bridging.
To get more MNT on the Mantle Chain, follow the steps below.
1. Go to Binance Web3 Wallet and tap [Swap] - [Bridge].
2. Select your preferred chain and token under [From]. Under [To], select “Mantle” and choose “MNT” as the token. Enter the token amount you want to bridge and tap [Cross-chain Swap].
3. Check that the details are correct before signing the transaction. You’ll then receive MNT on the Mantle Chain in your wallet.
Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.