How to deposit USDT for vUSD
Last updated
Last updated
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 USDT also earns you points in the pioneer program.
First, you need to hold USDT on Ethereum. You can purchase USDT via one of the following ways:
Swap on Uniswap
Buy on a centralized exchange and withdraw to Ethereum
1. Head to https://zkevm.cronos.org and connect your wallet.
2. On the “Deposit” tab, in the “FROM” field select USDT. vUSD will be automatically selected in the “TO” field.
3. Enter the amount of USDT to bridge. Keep in mind that ETH is needed to pay the gas fees.
4. Under the hood, the bridge will swap the USDT for DAI for you before it deposits it into vUSD. Check that the slippage, price impact, and min received amount are to your liking. You may change the slippage by clicking on it.
5. Click “Deposit”
6. Confirm (1) approval transaction for the bridge to spend your USDT and (2) DAI deposit transaction
7. Your vUSD should arrive within less than 10 minutes. You can check your vUSD wallet balance in the top right hand corner.
