# Delegating slisBNBx to your Binance web3 MPC Wallet

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

To change the destination address of your slisBNBx. You will have to withdraw your BNB (Which will take 7–15days), and in this case, the slisBNBx will be burnt accordingly. If you are unsure of how slisBNBx operates, do refer to our product update [here](https://medium.com/listadao/product-update-introducing-clisbnb-b64bc353f0ac).

## Guide <a href="#id-8fae" id="id-8fae"></a>

{% embed url="<https://www.loom.com/share/1ffcc566402c446aa7e59cf424296abd?sid=3700f554-3494-4b1b-b647-f00cba5ab40a>" %}

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

2\. Head over to your Lista DAO CDP dashboard by clicking on "Borrow lisUSD" under the Lending section[ here](https://lista.org/cdp/dashboard?utm_source=gitbook\&utm_medium=article\&utm_campaign=delegating-clisbnb-to-your-binance-web3-mpc-wallet).

<figure><img src="/files/9zZl6GUp0C0BXww0CHds" alt=""><figcaption></figcaption></figure>

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

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*5HMs1LY1B2rnmFek" alt="" height="480" width="700"><figcaption></figcaption></figure>

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 slisBNBx to” checkbox. Click deposit, and you will receive slisBNBx in your Binance MPC wallet.

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

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*0XTIGf8dQ-KjiRDD" alt="" height="750" width="700"><figcaption></figcaption></figure>

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

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*deS5NduICFQNw88H" alt="" height="988" width="700"><figcaption></figcaption></figure>


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