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Steps for Staking SNX

Basic Steps for Staking on Optimistic Ethereum

  • Transfer SNX to a compatible wallet: Metamask, Trezor, Ledger, Coinbase Wallet, Trust Wallet, Rainbow Wallet, and other Wallet Connect supported wallets.
  • Bridge your SNX from Layer 1 (Ethereum) to Layer Two (Optimistic Ethereum). The bridge to process this is accessible at https://staking.synthetix.eth.limo/bridge
  • You'll need to bridge over Ethereum through the optimism gateway to process transactions on Optimism, just like you would on layer one.
  • Before going further, ensure that you're connected to the Optimism network by heading over to https://chainlist.org/. Once on chainlist, add Optimistic Ethereum to your metamask.
  • Once you've migrated your Synthetix and have bridged over ETH to pay OE transaction fees, you can stake your tokens. You will do this by navigating to the staking menu. Once you're here, you will utilize the 'Mint Max' function and proceed with confirming your transaction.

Staking SNX in detail

  • Transfer SNX to a compatible wallet: Metamask, Frame, Trezor, Ledger, Coinbase Wallet, Rainbow Wallet, or other Wallet Connect support wallets.
  • Bridge your SNX from Ethereum Mainnet to Optimistic Ethereum on the Optimism Bridge