Delegating clisBNB to your Binance web3 MPC Wallet

It is important to note that the delegation of clisBNB happens when users deposit BNB as a collateral on Lista DAO. Once your BNB has been deposited, the clisBNB that users obtain will be fixed to that particular address, and it will not be tradeable.

To change the destination address of your clisBNB. You will have to withdraw your BNB (Which will take 7–15days), and in this case, the clisBNB will be burnt accordingly. If you are unsure of how clisBNB operates, do refer to our product update here.

Guide

1. Connect your hot wallet to Lista DAO on Binance Smart chain.

2. Head over to your Lista DAO CDP dashboard here.

3. Select BNB, and click on “Deposit”.

4. Enter the amount of collateral that you would like to deposit.

5. If you are already using the Binance Web3 MPC wallet, do not click on the “Delegate clisBNB to” checkbox. Click deposit, and you will receive clisBNB in your Binance MPC wallet.

6. However, if you are depositing BNB from another hot wallet address, the checkbox for “Delegate clisBNB to”. Enter the address of your Binance Web3 MPC wallet into the text box, and click deposit.

7. Once the transaction is successful, you should be able to see clisBNB in your Binance Web3 MPC wallet. With clisBNB, you will be eligible to take part in Binance launchpool.