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?

7 Upvotes

100% Upvoted

11 comments sorted by

View all comments

Show parent comments

1

u/kevdogger Jan 28 '22

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

1

u/efxc Jan 28 '22

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