Exploring the CUSD Pool on Wombex: Everything You Need to Know
The CUSD Pool on Wombex
Coin98 Dollar is excited to have the CUSD pool on Wombex Finance, allowing you to have more options to add liquidity, stake LP, and vote to earn more rewards.
For those who might not know, 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.
The CUSD pool on Wombex is the sided pool, which allows users to stake one of these assets, including CUSD and HAY.
How to join the CUSD pool on Wombex
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.
Stake CUSD & HAY
Please visit Wombex, and click Connect Wallet. You can choose Coin98 wallet or any desired wallet.
Step 1: Choose the Stake section on the homepage, then scroll down to find the CUSD pool.
Step 2: Choose CUSD or HAY, enter the amount you want to deposit, and click Approve. (This tutorial will take CUSD as an example).
Step 3: Click Convert & Stake to complete the process.
Claiming rewards
You can enter the Claim tab to claim your reward after a period of staking or choosing to lock WMX to earn more yield in the pool.
Please choose Approve to confirm that you want to claim your reward, then click Claim All for the transaction completion.
Instead of claiming all rewards, you can stake them to pursue more yields on the Wombex platform.
Unstake LP Tokens
Step 1: Please go to the CUSD pool, then switch to Withdraw tab.
Step 2: Choose LP-CUSD, then enter the amount of LP-CUSD you wish to withdraw.
Step 3: Click Withdraw LP-CUSD, then confirm the transaction on the wallet notification pop-up to be done.
That’s it! You’re done. Earning passive income is not as difficult as you might think. However, please DYOR before any investments to avoid unexpected losses.
About Coin98 Dollar
Coin98 Dollar, aka 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.