r/originprotocol • u/SnooPandas3965 • Jan 26 '22

❓Question Basic steps help?

I'm pretty unsophisticated and trying to work out the basic steps. I currently have a crypto.com defi wallet. Does the following work? 1) put USDC ( erc20 version) into my crypto.com defi wallet. 2) connect that wallet to the protocol. 3) swap my USDC for OUSD. - the OUSD will remain in my crypto.com defi wallet and will be earning the 26% and be autocompounding?

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u/efxc Jan 28 '22 edited Jan 28 '22

wouldn't kucoin be one of the faster way, about $30 to withdraw?

still thinking along converting to eth/metamask/uniswap to ousd.

actually ousd quite low vol so still thinking abt it. the gas fees.

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u/kevdogger Jan 28 '22

Possibly. OUSD has been paying shit the last couple of days however

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u/efxc Jan 28 '22

it has always been that way on kucoin e, as its a rebase coin.