# Product Guide: Participate in Binance Launchpool using slisBNB

**Published by:** [Lista DAO](https://blog.lista.org/)
**Published on:** 2024-08-15
**Categories:** defi, bnb, staking, lista, binance
**URL:** https://blog.lista.org/product-guide-participate-in-binance-launchpool-using-slisbnb

## Content

Participating in Binance Launchpool provides a unique opportunity to earn rewards by locking up your BNB or FDUSD on the platform. Recently, Binance announced that slisBNB holders are now eligible to participate in upcoming and future Launchpools, allowing users to boost their earning potential while still maintaining liquidity. This product guide will walk you through the process of participating in Binance Launchpool using slisBNB. Whether you’re an experienced DeFi enthusiast or new to the space, this guide will help you navigate the process with ease and confidence.How to be eligible for Binance LaunchpoolHere are the terms and conditions when using slisBNB to participate in Binance Launch pools.Hold slisBNBHolding wallet must be a Binance Web3 MPC walletObtaining a Binance Web3 MPC WalletIf you do not have a Binance Web3 MPC Wallet, do follow the guide here, to find out how you can create one.Obtaining slisBNB on Binance Web3 WalletThere are 2 ways to obtain slisBNB on Binance Web3 Wallet:Liquid stake BNB into slisBNBSwap directly into slisBNBHowever, before we begin, users will need to have BNB in their Binance Web3 wallet in order to pay for gas fees. Here’s how you can do it:Log in to your Binance app and click on the “Wallets” section. Go to “Web3”.2. To fund your wallet, click on “receive”. If you are transferring funds from your binance account, click on “transfer in”.3. Select the Coin to transfer, which will be BNB in this case, and choose the BNB smart chain (BEP-20) network to transfer your funds through.4. Select the amount of BNB that you would like to transfer into your Binance Web3 wallet, and click withdraw.Liquid staking BNB into slisBNB on Lista DAOOnce your wallet has been funded with BNB, users can now obtain slisBNB by liquid staking their BNB tokens. Here is how you can do it:Head over to the “Earn” section on the bottom right hand corner.2. Under Lista DAO, click “stake”.3. You will be redirected to Lista DAO’s landing page in the app. Connect your Binance Web3 wallet, and click on “Stake”.4. Input the amount of BNB you would like to liquid stake on Lista. Remember to leave some BNB behind for gas!5. Confirm the transaction, and a notification will appear once your BNB has been liquid staked on Lista DAO.6. Once the transaction has been confirmed, you have completed the taskSwap directly into slisBNBAlternatively, users can also obtain slisBNB by swapping their assets directly into slisBNB. Here is how you can do it:Log into your Binance Web3 wallet2. On your Binance Web3 Wallet, click the “Swap” tab at the bottom of the screen.3. Choose the asset that you would like to swap into slisBNB. In the screenshot, we will use BNB as an example:4. Enter the amount of BNB you wish to swap. For example, 1 BNB as shown in the image. In the “To” section, select slisBNB from the dropdown as the token you want to receive. 5. Verify the details to ensure they are correct. 6. Click the Swap button to initiate the transaction.

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