Introduction

As an innovative pioneer in the CeDeFi field, BounceBit and Ethena have joined forces to allow users to directly participate in Ethena products on the BounceBit Portal and enjoy multiple benefits:

• $sUSDe Yield

• $ENA

• $BB Staking Rewards

• 5x Sats Event Bonus

This article will teach you step by step 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 Ethereum mainnet

• Enter the amount of $BBUSD to be minted and authorize the transaction in the wallet. You will get the corresponding $BBUSD on the Ethereum mainnet.

2. Cross-chain to BounceBit chain

• Click on the Bridge module https://portal.bouncebit.io/bridge

• The asset source chain is Ethereum mainnet, select $BBUSD, enter the amount and click "Bridge now", you will get the equivalent $BBUSD on the BounceBit chain

• Please note that you need to switch the network to the BounceBit chain and add $BBUSD (token contract: 0x77776b40C3d75cb07ce54dEA4b2Fd1D07F865222)

3. Pledge $BBUSD to Ethena

• Click on the Ethena module https://portal.bouncebit.io/ethena

• Enter the amount you wish to stake and click “Stake”