USDC On Arbitrum
The Opulous Finance liquid staking pool, OVAULT, allows you to lock up USDC and receive OVAULT in return as a derivative and interest-bearing token.
If you want to learn more about Opulous Finance or OVAULT, you can check the linked articles.
To join OVAULT, you first need USDC on Arbitrum in your Arbitrum wallet. If you want to learn more about using crypto wallets, check this linked article.
Depending on your starting point, there are several ways to get USDC in your wallet on Arbitrum. Below, we will go over three of the most common scenarios.
Centralized Exchange
Step 1: Buy USDC
Buy USDC on the exchange (Coinbase, Binance, Kraken, KuCoin, etc) using your preferred purchasing method for your crypto.
Important: Be aware that if you use Gate.io exchange, this platform is withdrawing into a different type of USDC than what you need on Arbitrum. So we advise you to try other exchanges first for this purpose and if you want to use Gate regardless, understand that extra steps will be involved to acquire the correct version of USDC on Arbitrum.
Next, Send assets from your on-chain wallet that you want to trade for USDC to your preferred exchange and swap it for USDC.
Step 2) Withdraw To Wallet
Find the Withdraw(al) feature on your respective exchange platform.
Afterward, you will need to withdraw the USDC and select Arbirtum as your network of choice for your wallet. The below example shows the withdrawal function on KuCoin Mobile.
Algorand Native
If you hold USDC on Algorand, you can use our trusted bridge partner, Messina.one, to move your holdings to Arbitrum quickly and seamlessly. Check out this article for a step-by-step guide on how to do that.
The article explains, as an example, the scenario of bridging OPUL from Algorand to Arbitrum.
The same steps, however, apply to bridging USDC from Algorand to Arbitrum.
Ethereum Native
If you hold USDC on Ethereum, you can use our trusted bridge partner, Messina.one, to move your holdings to Arbitrum quickly and seamlessly.
Check out this article for a step-by-step guide on how to do that.
The article explains as an example the scenario of bridging OPUL from Algorand to Arbitrum. The same steps, however, apply to bridging USDC from any of the supported Ethereum chains to Arbitrum.
There you have it; you will now have USDC on Arbitrum, ready to stake your tokens in the Opulous Finance ecosystem!
Do You Still Need Help?
Let us know by joining the official Opulous Telegram Community 👉 here.
If you're still having any issues with any of the above steps, please contact us on a chat function here 👉 Opulous Chat.
You can find the chat button in the bottom right. Make sure you share as much information about your issue as you can so the support team can help you quicker.
Alternatively, you can contact support by emailing support@opulous.org.