Buy/Stake

How to Buy/Redeem/Stake USDai or Unstake sUSDai.

USDai does not accrue yield. Stake USDai to earn yield on deposits.

Buying $USDai

1. Select the BUY tab in the transaction modal

2. Select the Deposit currency and Network in the top ERC20 dropdown

3. Select the Amount you want to deposit

4. Review the Terms

5. Click Approve to allow the USDai contract to spend your deposit currency

6. Click Buy

USDai is 100% backed by yield bearing stablecoins, so it can always be instantly redeemed for any of the deposit currencies.

Redeeming your $USDai

1. Select the REDEEM subtab within the BUY tab in the transaction modal

2. Select the redemption currency you would like to receive

3. Select the Amount you want to redeem

4. Review the Terms

5. Click Approve to allow the USDai contract to spend your $USDai

6. Click Redeem

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The USDai unstaking period is approximately 30 days.

Staking your $USDai

1. Select the STAKE tab in the transaction modal

2. Select the Amount of $USDai you want to stake

3. Review the Terms

4. Click Approve to allow the USDai contract to spend your $USDai

5. Click Stake

USDai to sUSDai is not a 1:1 conversion as sUSDai is the yield-bearing token that passively earns income. When staking USDai, you will receive a lower amount of sUSDai and when unstaking sUSDai you should receive a higher amount of USDai.

Unstaking your $sUSDai

1. Select the UNSTAKE subtab within the STAKE tab in the transaction modal

2. Select the Amount of $sUSDai you want to unstake

3. Review the Terms

4. Click Approve to allow the USDai contract to spend your $sUSDai

5. Click Unstake

6. Go to Activity and click Withdraw USDai once the unstaking period ends