How to deposit DAI for vUSD

vUSD can be used across the Cronos zkEVM Ecosystem. It is pegged 1:1 to USD but you can earn yield just by holding it. Depositing DAI also earns you points in the pioneer program.

Before depositing DAI via the bridge

First, you need to hold DAI on Ethereum. You can purchase DAI via one of the following ways:

1. Swap on Uniswap

2. Buy on a centralized exchange and withdraw to Ethereum

Bridging DAI from Ethereum to Cronos zkEVM

1. Head to https://zkevm.cronos.org and connect your wallet.

2. On the “Deposit” tab, in the “FROM” field select DAI. vUSD will be automatically selected in the “TO” field.

3. Enter the amount of DAI to bridge. Keep in mind that ETH is needed to pay the gas fees.

4. Click “Deposit”

5. Confirm (1) approval transaction for the bridge to spend your DAI and (2) DAI deposit transaction

6. Your vUSD should arrive within less than 10 minutes. You can check your vUSD wallet balance in the top right hand corner.