> For the complete documentation index, see [llms.txt](https://docs.loopedeth.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopedeth.com/getting-started/how-to-deposit.md).

# How to Deposit

*LETH* tokens are minted upon *deposit* and *burned* when redeemed. 

During Phase 1, loopedETH only accepts lsETH deposits. In future phases, ETH, wstETH and USDC will also be accepted as collateral.

Deposited assets are staked and deployed into "AutoLoop", loopedETH's automated looping strategy.

LETH can be minted at <https://www.stakingrewards.com/stake-app?input=ethereum-2-0>

<figure><img src="/files/oIqGuDzzOWuZYrTBeFnZ" alt=""><figcaption></figcaption></figure>


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