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19 Apr 2023
For Beginners

How To Buy Axelar’s $axlUSDC Tokens?

Learn about $axlUSDC tokens and how to buy them on Sushi

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📣 We just enabled $axlUSDC trading on SushiSwap! 📣

💡 What is axlUSDC?!

axlUSDC is a wrapped, composable, multi-chain version of the stablecoin USDC by Axelar. For every axlUSDC minted there is a corresponding unit of USDC locked in an Axelar Gateway on Ethereum. What makes axlUSDC different from other wrapped stablecoins is that it is secured by a dynamic validator set running delegated Proof-of-Stake, who hold key shares determined by number of AXL token staked.

📖 Read more here.


💰How to buy $axlUSDC on SushiSwap:

  1. Get the Metamask wallet browser extension at https://metamask.io/.
  2. Buy ETH at any fiat-token gateway, and send ETH to your Metamask.
  3. Head over to https://bridge.arbitrum.io/?l2ChainId=42161 to bridge your ETH from Mainnet to Arbitrum One
    Schermafbeelding 2023-02-14 om 14.56.02.png
    *This is a reference image that serves as an example of the action to be taken
  4. If your Metamask doesn’t show Arbitrum One yet, head over to https://chainlist.xyz/ and connect your wallet.
    Screenshot 2023-02-14 at 9.42.41 AM.png
    *This is a reference image that serves as an example of the action to be taken
  5. Head over to https://sushi.com/ to swap from ETH to axlUSDC.
    Screenshot 2023-02-14 at 9.44.48 AM.png
    *This is a reference image that serves as an example of the action to be taken
  6. Approve by signing and confirm your swap
    Screenshot 2023-02-14 at 9.45.14 AM.png
    *This is a reference image that serves as an example of the action to be taken
    Screenshot 2023-02-14 at 9.45.32 AM.png
    *This is a reference image that serves as an example of the action to be taken
  7. Add $axlUSDC token to Metamask by selecting import token and entering the axlUSDC Arbitrum One contract: 0xEB466342C4d449BC9f53A865D5Cb90586f405215
    Screenshot 2023-02-14 at 9.49.21 AM.png
    *This is a reference image that serves as an example of the action to be taken
  8. You should see your tokens in your wallet now!

💸 Bonus
Learn how you can earn a portion of the trading fees by becoming a Liquidity Provider in this tutorial.


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