Genesys Cloud provides the capability to use the LCD on the Edge Standard v1 to set DHCP for the WAN port. You can press buttons on the LCD to navigate to the Network settings, then to the Port 1 (WAN) settings, and set DHCPV4. This allows easy configuration of dynamic IP addressing for the WAN interface through the device's LCD menu system. Key steps include connecting the WAN port, accessing the LCD menu, navigating to Network then Port 1 settings, and selecting Set DHCPV4 and Apply Changes to enable DHCP on the WAN port.