Go to the rstETH restaking Vault page
Connect your wallet, review, and confirm the terms.
Choose the tokens you want to deposit and proceed (note that your tokens will be converted to wstETH)
Click the deposit button and follow the prompts to sign the transactions. This will wrap your stETH into wstETH and deposit it into the Vault.
Congratulations!🎉 As a result, you receive rstETH.
rstETH use case: Gearbox
You can put your rstETH to work and unlock the opportunities offered by Mellow Your rstETH tokens are compatible with a wide range of DeFi protocols.
Click on the protocol where you’d like to use your rstETH. For example, let’s select GearBox. Be cautious, as you’ll be redirected to the protocol’s official website. In this case, it will be: https://app.gearbox.fi
Click on the protocol where you’d like to use your rstETH. For example, let’s select Gearbox Protocol.
Review the terms, parameters, strategy, and any other features the protocol offers to get the most of your rstETH. Remember, the metrics are only estimations, so take the time to assess everything carefully and ensure they align with your goals before proceeding.
Please pay attention that behind the scenes, the protocol will borrow wstETH to put them into the rstETH vault. And the looping strategy in general, works only when borrow rate is lower than token base status.
It is important to thoroughly understand the risks associated with looping strategies before using this service. To make the strategy better, Gearbox uses the mint price from the rstETH contract instead of DEX-based price feed.
Once you’ve reviewed all the details and feel confident about moving forward, follow these steps: connect your wallet, specify the amount of rstETH you want to deposit, adjust the parameters if needed, and click the “Deposit” button to finalize your transaction. Make sure to double-check everything before confirming.
Now, you can take advantage of the potential benefits provided by the rstETH protocol and its restaking strategy, while accessing the potential benefits from Gearbox (in this example).
For more information on Symbiotic Restaking with P2P.org, visit https://p2p.org/economy/introduction-to-symbiotic/.
You can also get in contact with a live agent by selecting the speech bubble at the bottom right of this page, sending a message to the Telegram bot, or emailing [email protected].