Dealing with sTokens

Symbiosis WebApp user guide: What sTokens are and dealing with sTokens via Symbiosis WebApp.

What is sToken?

sToken (sUSDT, sUSDC, sBUSD etc..) represents a token of one blockchain on another blockchain and is used to perform cross-chain swaps. Please refer to Wrapped Tokens and sTokens | Symbiosis for more details.
There are three ways to obtain sTokens:
  1. 1.
    Getting sTokens before adding them to a liquidity pool (please refer to Liquidity Pools),
  2. 2.
    Withdrawing sTokens from a liquidity pool (please refer to Liquidity Pools),
  3. 3.
    Getting sTokens while reverting a stuck transaction (please refer to Stuck Transactions),
What can be done with sTokens? There are three ways to deal with sTokens:
  1. 1.
    Just keep them,
  2. 2.
    Become a liquidity provider: add the sTokens to an appropriate liquidity pool, get a reward for providing liquidity and burn them later to get stablecoins on the blockchain that this liquidity pool links to. Please refer to Liquidity Pools for instructions on adding/withdrawing liquidity to/from a liquidity pool.
  3. 3.
    Swap them to stablecoins on a Symbiosis DEX (instructions are below).
Symbiosis WebApp supports two sets of blockchains: for Mainnet and Testnet:
You may consider using Symbiosis WebApp on Testnet first to get familiar with the application's functionality.

Swap sTokens for Stablecoins

Requirements to operate:
  • Your wallet is installed and connected to Symbiosis WebApp,
  • You have enough native assets to pay for a transaction on the source blockchain.
To swap sTokens for stablecoins:
  1. 1.
  2. 2.
    Find a network you have sTokens on. sTokens are easy to locate. You will see the Burn label next to it:
  3. 3.
    Transfer from: Select the sToken (sUSDC, in this example):
    3. Transfer to: Select the destination token (there is just one option for each sToken type) > select the token (BUSD, in this example):
  4. 4.
    Enter the amount to exchange and press the Swap button:
  5. 5.
    Confirm the swap in the popup window and the transaction in your wallet:
  6. 6.
    Wait for the transaction to be mined and confirmed:
Done ∎