Exploring CUSD Pools on THENA: Everything You Need to Know
CUSD on THENA
CUSD is a fully-backed stablecoin that aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi. Landing on BNB Smart Chain, Coin98 Dollar kickstarts the liquidity bootstrap with THENA, an open liquidity layer for protocols to incentivize their liquidity, empowering users to earn more rewards and experience governance on this platform.
We're excited to have CUSD/C98 & CUSD/DOLA pools on THENA, and we're working closely to add more pools.
How to join CUSD pools on THENA
Get CUSD (BEP20) on BNB Smart Chain
Converting directly on Coin98 Super App
Step 1: Click More from the home screen → Select Coin98 Dollar from the Terminal;
Step 2: Select blockchain & the wallet address as desired;
Step 3: Slide the bar or type to input the amount → Click Convert;
Step 4: Click Convert again to confirm.
Converting on the Coin98 Dollar platform
Step 1: Visit cusd.coin98.com; your multichain wallet will automatically connect with this platform. Please read the terms and conditions carefully before confirmation.
Step 2: Choose BNB Smart Chain. The wallet will automatically switch to the corresponding network.
Step 3: Drag the bar to adjust the amount you wish to convert, then click Convert;
Step 4: Choose Convert again to confirm.
Add liquidity & Stake LP
First, you need to have a BNB Smart Chain-compatible wallet.
Next, go to the THENA website and click "Connect Wallet" in the top right corner. Select the wallet you want to use and follow the prompts to connect it to THENA.
- Choose the LIQUIDITY section on the homepage, then enter CUSD on the search bar to find CUSD pools.
- Choose a desired pool (CUSD/C98 or CUSD/DOLA), then click Manage.
- Opt to get vAMM-C98/CUSD LP by adding liquidity.
- Input the amount of C98 & CUSD with the ratio of 50:50. In another way, you only need to enter the amount of a token; the rest will be filled accordingly.
- Choose to Add liquidity & Stake LP if you want to earn trading fees & staking rewards paid by $THE tokens.
- Choose Add Liquidity if you want to earn trading fees only.
- Sign to confirm the transaction in your connected wallet.
Claim rewards
After staking your LP Tokens, the Claim All Earnings button will appear on the LIQUIDITY tab. Click on this button and confirm the transaction to withdraw reward to your wallet.
Unstake LP Tokens
You can unstake your LP tokens any time. In case of that, please click Manage in your staked pool. The next step is to enter the amount, and choose Unstake LP to complete the process.
Notes:
- Staking LP tokens is not mandatory but can help you earn more returns.
- Make sure to prepare some BNB for the network fee.
Once receiving THE token reward, you can lock THE to get veTHE tokens. By holding veTHE, you will grant voting power to join the governance or enter other activities on the THENA platform.
That's it! You're done.
Earning passive income is not as difficult as you think. However, please DYOR before any investments/ DeFi experience to avoid unexpected losses.
About Coin98 Dollar
Coin98 Dollar (CUSD) is a fully-backed stablecoin that aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi.
CUSD brings up an ambitious, long-term mission. To achieve that, our initiative is to build a strong foundation of use cases for CUSD within the Coin98 Ecosystem, first by centering CUSD as the default medium of exchange across all products built by Coin98 Finance. In the long run, CUSD will expand into other DeFi ecosystems in the multi-chain world.