Tutorial — How to get Liquid Staking Derivatives SFT?
SFT Protocol provides liquid staking through tokenization. It’s a decentralized, secure platform for privacy computing and distributed storage. Initially applied to Filecoin, it addresses the issue of low token liquidity during long-term staking. The protocol will also be applied to other public chains like Ethereum, Polkadot, Ironfish, and Aleo.
Currently, SFT Protocol supports staking FIL through BSC and FVM to mint SFT and use SFT to obtain high returns on Farms. The following will teach you step-by-step how to mint SFT.
👉💻PC
1. Set up the network (Metamask)
BSC: https://chainlist.org/chain/56
FVM: https://chainlist.org/chain/314
Switch the wallet to the BSC or FVM network, or click the link to add the BSC and FVM network to the Metamask wallet, as shown below.
2. Deposit FIL into the wallet
There are currently two ways to obtain FIL:
(1) Mining
(2) Purchase through an exchange. Currently, we support FIL on BSC and FVM.
BSC:
● Download and register Binance: https://www.binance.com/en/download
● Buy FIL on Binance
● Select the BSC chain when extracting FIL
How to convert FIL on other chains to BSC chain?
(1) Deposit the held FIL into Binance
(2) Then select the BSC chain to withdraw FIL to the wallet
FVM:
After technical testing, the safest and quickest way to add is to use the OKX exchange, download link: https://www.okx.com/cn/download
(1) Purchase FIL through the OKX exchange
(2) Copy the address starting with 0x in the wallet
(3) Follow the withdrawal steps of the exchange
(4) Paste and copy the wallet address starting with 0x, as shown in the figure below. Then please confirm that the withdrawal is successful.
3. Mint SFT
(1) Enter SFT Protocol, connect the wallet
Please click directly on SFT Protocol.
Enter the [Mint SFT] page and connect to the wallet.
After connecting the wallet, you can switch between BSC and FVM.
(2) Mint SFT
Use the held FIL to mint SFT.
You can check the progress of mint SFT here, then go to Farms and use the SFT you hold to stake to get rich rewards.
👉📱Mobile
1. Set up the network (eg. TokenPocket)
Refer to the figure below, select Filecoin FVM or BSC chain in TokenPocket.
2. Deposit FIL into the wallet
There are currently two ways to obtain FIL:
(1) Mining
(2) Purchase through an exchange. Currently, we support FIL on BSC and FVM.
BSC:
● Download and register Binance: https://www.binance.com/en/download
● Buy FIL on Binance
● Select the BSC chain when extracting FIL
How to convert FIL on other chains to BSC chain?
(1) Deposit the held FIL into Binance
(2) Then select the BSC chain to withdraw FIL to the wallet
FVM:
After technical testing, the safest and quickest way to add is to use the OKX exchange, download link: https://www.okx.com/cn/download
(1) Purchase FIL through the OKX exchange
(2) Copy the address starting with 0x in the wallet
(3) Follow the withdrawal steps of the exchange
(4) Paste and copy the wallet address starting with 0x, as shown in the figure below. Then please confirm that the withdrawal is successful.
3. Mint SFT (eg. TokenPocket)
(1) Enter SFT Protocol, connect the wallet
Please use the wallet browser to open https://www.sftproject.io/
Then enter [Mint SFT], connect the wallet and you will see the switch button.
(2) Mint SFT
Scroll down the page and go to ‘Mint SFT’. Enter the amount, the SFT you expect to get will be displayed below, and click ‘Stake’.
After authorization and confirmation, the transaction is completed.
Swipe down to view ‘My History’, it shows that the SFT minting is in progress, wait for the minting to complete.
