Pier Two has collaborated with Liquid Collective to offer LsETH Liquid Staking from within the Pier Two Control Centre.

Read the introduction to LsETH Liquid Staking here

Wallet Verification

Before staking, you will need to verify ownership of the connected wallet and add it to the LsETH allowlist. This is all handled by our UI when connecting a given wallet for the first time.

You can verify as many different wallets as you like, the UI will display activity history and pending redemptions for all of your verified wallets.

Clicking Verify Wallet will prompt your wallet to sign a random nonce generated by our API. After you sign with your wallet, our UI will forward the signature to our backend and your wallet will be added to the LsETH allowlist.

Depositing ETH / Minting LsETH

To stake ETH into LsETH, simply enter the amount of ETH to stake and review the LsETH output amount. Read more about the conversion ETH/LsETH conversion rate here

LsETH will be minted to your address as part of the transaction to deposit ETH. You will see your LsETH balance reflected immediately in our UI and on block explorers.

Redeeming ETH / Burning LsETH

To unstake/redeem your underlying ETH, enter the amount of LsETH you wish to burn. The UI will tell tell you the ETH amount based on the current conversion rate.

Once you confirm the transaction, your LsETH will immediately be burned and you will be allocated a spot at the end of the redemption queue. The redemption queue length is denoted in ETH and represents the amount of underlying ETH waiting to be redeemed by other LsETH users.

You can read more about the LsETH redemption process on the Liquid Collective docs

You will see all your redemptions across all of your verified wallets. Redemptions requests can be claimed from this panel by the same wallet that requested the redemption.

Activity History

You will see a list of your activity history at the bottom of the page, this list will contain activity from all your verified wallets.