How to Get wstDOT & Farm
Here is a step by step guide showing how to participate in StellaSwap's latest farm wstDOT-DOT.xc
- 3.GLMR for gas
stDOT short for Staked DOT is a token provided by Lido representing your Staked DOT tokens. You can acquire stDOT by staking your DOT using Lido's facility. Start by heading over to https://polkadot.lido.fi/ and connect your wallet.
Enter the amount you would like to Stake and click on
Unlock tokens to stake. Approve the wallet prompt, once its done click on
Stakeand sign transaction.
In this step you will be wrapping your staked DOT, a necessary step to participate in the farm. Head over to StellaSwap's Swap page, and select stDOT as input and wstDOT as output and click
Wrap.You might notice that the rate is not 1:1, that is because the amount of stDOT you get per wstDOT goes up overtime to reflect earned rewards from Lido.
Make sure you are in Standard AMM tab and click on
Simply choose wstDOT & DOT.xc tokens, input amount and click
Confirm Adding Liquidity
Find wstDOT-DOT.xc farm, enter max amount and click