# bASSET \[bETH] Minting and redeeming bETH is a cross-chain operation, requiring interactions from both the Ethereum and Terra blockchain. The below web interfaces are used to achieve certain types of actions on corresponding blockchains. * [Lido's stETH WebApp](https://stake.lido.fi/) - for minting stETH using ETH * [Lido's bETH WebApp](https://anchor.lido.fi/) - for minting and redeeming bETH using stETH * [Wormhole Bridge WebApp's Redeem Page](https://wormholebridge.com/#/redeem) - for redeeming tokens transferred over via Wormhole * [Anchor WebApp's BOND page](https://app.anchorprotocol.com/bond/claim) - for claiming bETH rewards * [Wormhole Bridge WebApp](https://wormholebridge.com/) - for transferring bETH to/from Ethereum from/to Terra * [Curve's WebApp](https://curve.fi/) - for swapping stETH for ETH {% hint style="info" %} Due to Wormhole's inability of generating custom CW20 tokens (required for bETH's reward-accruing features), there exists 2 bETH tokens on Terra: * **Wormhole wrapped bETH (webETH)** - wrapped tokens transferred from Ethereum -> Terra. * **Not usable as Anchor collateral** * **Redeemable to stETH once transferred back to Ethereum** * Minted by Wormhole * Non-reward-accruing * **Bonded ETH (bETH)** - reward-accruing bETH tokens * **Usable as Anchor collateral** * **Not redeemable to stETH once transferred back to Ethereum** * Minted by converting webETH tokens to bETH * Reward-accruing {% endhint %} bETH can be minted with ETH. This process requires the steps of: 1. [Minting bETH from ETH](#1.-minting-beth-from-eth-steth) on [Lido's bETH WebApp](https://anchor.lido.fi/) 2. [Redeeming webETH](#2.-redeeming-wormhole-wrapped-beth-tokens-transferred-to-terra) on [Wormhole bridge WebApp's Redeem page](https://wormholebridge.com/#/redeem) 3. [Converting webETH to bETH](#3.-converting-webeth-wormhole-wrapped-token-to-beth-anchor-collateral) on [Anchor WebApp's Convert page](https://app.anchorprotocol.com/basset/wh/beth/to-basset) As for redeeming bETH tokens back to ETH, the following process can be taken: 1. [Converting bETH to webETH](#1.-converting-beth-anchor-collateral-to-webeth-wormhole-wrapped-token) on [Anchor WebApp's Convert page](https://app.anchorprotocol.com/basset/wh/beth/to-wbasset) 2. [Transferring bETH from Terra to Ethereum](/anchor-2/user-guide/webapp/bond-beth.md#1-transferring-beth-from-terra-to-ethereum) via [Wormhole Bridge](https://wormholebridge.com/#/transfer) 3. [Converting bETH to stETH](/anchor-2/user-guide/webapp/bond-beth.md#2-converting-beth-to-steth) on [Lido's bETH WebApp](https://anchor.lido.fi/) 4. [Swapping stETH for ETH](/anchor-2/user-guide/webapp/bond-beth.md#swapping-steth-for-eth) on [Curve](https://curve.fi/) bETH tokens on Terra accrue rewards in TerraUSD, funded by staking rewards of Ethereum 2.0. [Accrued rewards can be claimed](/anchor-2/user-guide/webapp/bond-beth.md#claiming-accrued-beth-rewards) with the use of the [BOND page of Anchor's WebApp](https://app.anchorprotocol.com/bond/claim/). ## Connecting with Lido's web interfaces 1\. Navigate to Lido's stETH or bETH WebApp and click **\[Connect wallet]**. ![](/files/-MgzffLDPZLOSrD8-AH4) 2\. Select the Ethereum wallet of choice that contains a balance of stETH / bETH and ETH. ![](/files/-MgzfhmoiJVcT2LjpgcZ) 3\. Wallet connection complete. ![](/files/-Mgzfk-S3qyFi0ySXa_Y) ## Minting bETH from ETH ### 1. Minting bETH from ETH / stETH bETH tokens can be minted by submitting ETH to Ethereum-side bETH smart contracts. The process is achievable via Lido's bETH WebApp. {% hint style="info" %} Unlike bLUNA, bETH tokens are minted / redeemed through [Lido's web interface for bETH](https://anchor.lido.fi/). {% endhint %} 1\. Navigate to the **To bETH** page of Lido's web interface. ![](/files/-Mgzg18vuoBTtu4ppzJf) 2\. Click on the dropdown and select Ethereum / Lido. ![](/files/-Mgzg6fX7wudUXkNoft7) 3\. Enter the amount of ETH / stETH to use in minting bETH and the Terra address to receive the resulting bETH tokens. Click **\[Convert]** to proceed. {% hint style="danger" %} **The Wormhole transaction ID link is extremely important to redeeming your tokens on the Terra side. Copy and paste it and don't close the page.** Redemptions can still be made if lost although with extra steps. The method of finding your transaction ID can be found [here](https://help.lido.fi/en/articles/5918594-how-to-find-the-link-to-claim-beth-on-terra). {% endhint %} ![](/files/-Mgzg8Nd8e4sfm_2Mleh) 4\. Metamask should prompt you to sign a transaction that contains the mint operation. Confirm the details presented and click **\[Confirm]** to sign. ![](/files/-MgzgADF2m8-p8aSRhfB) ### 2. Redeeming Wormhole wrapped bETH tokens transferred to Terra {% hint style="warning" %} Unlike the previous Shuttle token bridge, the Wormhole bridge requires an extra step of redemption. **TOKENS WILL NOT SHOW UP ON YOUR WALLET UNTIL THEY HAVE BEEN REDEEMED**. {% endhint %} {% hint style="info" %} Tutorials on redeeming tokens can be found [here (Wormhole's guide)](https://docs.wormholenetwork.com/wormhole/video-tutorial-how-to-use-wormhole) and [here (Lido's guide)](https://help.lido.fi/en/articles/5918594-how-to-find-the-link-to-claim-beth-on-terra). {% endhint %} Once complete, the specified Terra address will now hold an increased balance of webETH tokens. ![](/files/-MgzgEAR7xpBt8-F6nq7) ### 3. Converting webETH (Wormhole wrapped token) to bETH (Anchor collateral) 1\. Navigate to the **bETH/webETH** page in the **bASSET** page. ![](/files/cnxJ8OlQlsPVF5rgXZEO) 2\. Navigate to the **to bETH** tab. ![](/files/XDeYnmv9IBblUsij5W1v) 3\. Enter the amount of webETH to be converted or the amount of bETH to convert and click the **\[Convert]** button to confirm. ![](/files/gfh1vBj0zuR575BoPWT3) 4\. Station Extension should prompt you to sign a transaction that contains the mint operation. Confirm the details presented and enter your password to sign. ![](/files/OeTBIE12cWKroDwCL27r) 5\. Conversion complete. Converted bETH tokens can now be used as collateral in Anchor. ![](/files/KKvy5HmBxZ5W6gMotDWp) ## Redeeming bETH to stETH bETH tokens that reside on the Terra blockchain should be first transferred to Ethereum before they can be redeemed for stETH. Redemption is a two-step process, first requiring a cross-chain transfer, which is the followed by a redemption to stETH. ### 1. Converting bETH (Anchor collateral) to webETH (Wormhole wrapped token) 1\. Navigate to the **bETH/webETH** page in the **bASSET** page. ![](/files/v5VoA0ooxvmHsanByRqy) 2\. Navigate to the **to webETH** tab. ![](/files/yzfhTUgjluVDZOQiLz3c) 3\. Enter the amount of bETH to convert or the amount of webETH to be converted to and click the **\[Convert]** button to confirm. ![](/files/ivEkLpnGMMyOawVFYbYO) 4\. Station Extension should prompt you to sign a transaction that contains the mint operation. Confirm the details presented and enter your password to sign. ![](/files/gzHAAFyOhbIftXXyk9ZD) 5\. Mint complete. ![](/files/EQRlmRjYaHwNjtRJmwBB) ### 2. Transferring webETH from Terra to Ethereum {% hint style="info" %} Cross-chain transfers between Ethereum / Terra can be achieved through the [Wormhole bridge](https://wormholebridge.com/). Tutorials on using the Wormhole bridge WebApp can be found [here](https://docs.wormholenetwork.com/wormhole/video-tutorial-how-to-use-wormhole). {% endhint %} {% hint style="danger" %} Transferred tokens need to be redeemed before they can be visible on your wallet. {% endhint %} ### 3. Converting bETH to stETH 3-a. Navigate to the **To stETH** tab in the **Convert** page. ![](/files/-MgzhktphLgfJAug0htW) 3-b. Enter the amount of bETH to convert to stETH and click the **\[Transfer]** button to proceed. ![](/files/-MgzhmZk3HitvZt95pre) 3-c. Metamask should prompt you to sign a transaction that contains the conversion operation. Confirm the details presented and click **\[Confirm]** to sign. ![](/files/-MgzhoSR3kTTGiIFYzcd) 3-d. Conversion complete. ## Swapping stETH for ETH 1\. Navigate to Curve Finance's web interface, [curve.fi](https://curve.fi/). ![](/files/-MgzhrPfXGAkzlnSdJEt) 2\. Select STETH and ETH. Enter the amount of stETH to swap for ETH and click **\[Sell]** to proceed. ![](/files/-MgzhtD1ZTqGGdG7KoWG) 3\. Metamask should prompt you to sign a first transaction that contains an authorization for Curve's web interface to interact with your stETH tokens. Confirm the details presented and click **\[Confirm]** to sign. ![](/files/-Mgzhv1k2qMKmGCqzhPo) 4\. Metamask should then prompt you to sign a second transaction that contains the swap operation. Confirm the details presented and click **\[Confirm]** to sign. ![](/files/-MgzhwXVPnLkpzS5ZVhv) 5\. Swap complete. ## Claiming accrued bETH rewards {% hint style="info" %} bETH rewards only accrue only if the user is currently holding bETH tokens. Users do not accrue rewards from bETH tokens deposited to Anchor. {% endhint %} 1\. Click the **Claim Rewards** button in the **CLAIMABLE REWARDS** section. ![](/files/Oekqn3yRBtTquohzWIuW) 2\. Click **\[Claim]**. ![](/files/6U5cB70Os1G1UdsDG7Bz) 3\. Station Extension should prompt you to sign a transaction that contains the reward claim operation. Confirm the details presented and enter your password to sign. ![](/files/MPkUCP1J3hUXtUsfTGap) 4\. Reward claim complete. ![](/files/LraGQqvxJS3zCieoxUb9) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.anchorprotocol.com/anchor-2/user-guide/webapp/bond-beth.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.