Introduction
As an innovative pioneer in the CeDeFi field, BounceBit has partnered with Ethena to allow users to directly participate in Ethena products and enjoy multiple benefits on the BounceBit Portal:
$sUSDe earnings
$ENA
$BB staking rewards
5x Sats activity rewards
This article will guide you step by step on how to deposit funds into BounceBit and participate in Ethena:
1. Deposit $USDT to get $BBUSD
Visit https://portal.bouncebit.io/deposit
Connect your wallet and select the Ethereum mainnet
Enter the quantity of $BBUSD you want to mint and authorize the transaction in your wallet. You will receive the corresponding $BBUSD on the Ethereum mainnet.
2. Cross-chain to the BounceBit chain
Click on the Bridge module at https://portal.bouncebit.io/bridge
Select Ethereum mainnet as the asset source chain, choose $BBUSD, enter the amount, and click “Bridge now.” You will receive an equivalent amount of $BBUSD on the BounceBit chain.
Please note that you need to switch networks to the BounceBit chain and add $BBUSD (Token Contract: 0x77776b40C3d75cb07ce54dEA4b2Fd1D07F865222).
3. Stake $BBUSD to Ethena
Click on the Ethena module at https://portal.bouncebit.io/ethena
Enter the amount you wish to stake and click “Stake.”
