Symbiosis
Search…
🟩
Dealing with sTokens
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. 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).

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:
Done!