sToken (sUSDT, sUSDC, sBUSD etc..) represents a token of one blockchain on another blockchain and is used to perform cross-chain swaps.
In fact, sToken is an ERC20 stablecoin. Please refer to Wrapped Token and sToken for more details.
There are three ways to obtain sTokens:
1.
Getting sTokens before adding them to a liquidity pool (please refer to Liquidity Pools),
2.
Withdrawing sTokens from a liquidity pool (please refer to Liquidity Pools),
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.
Just keep them,
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.
Swap them to stablecoins on a Symbiosis DEX (instructions are below).
Swap sTokens for stablecoins
1. Chose the network you have sTokens on: WebApp > the Swap tab > Transfer from (BSC, in this example):
2. Select the sToken (sUSDC, in this example):
3. Select the destination token: Transfer to (you will have just one option for each sToken) > select the token (BUSD, in this example):
4. Enter the amount to exchange and press the Swap button:
5. Confirm the swap in the popup window and the transaction in your wallet:
6. Wait for the transaction to be mined and confirmed: