[Guide] How to use Acala stablecoin (aUSD) on Beamswap Yield Farm
In this guide, you will learn how to send aUSD to Moonbeam via Metamask and how to use it on Beamswap to yield rewards.
- What is aUSD?
- Step 1: Send aUSD to Moonbeam and back to Acala
- Step 2: Add aUSD to MetaMask
- Step 3: Farm aUSD yields on Beamswap
What is aUSD?
The aUSD token is Acala’s native decentralized stablecoin of the Polkadot and Kusama ecosystems, pegged to $USD.
Step 1: Send aUSD to Moonbeam and back to Acala
To move aUSD from Acala to the Moonbeam network, go to Moonbeam Dashboard at apps.moonbeam.network/moonbeam and connect with your wallet.
On the list of assets, find Acala AUSD, click “deposit” and follow the instructions.
To move aUSD back to Acala, simply click withdraw.
Step 2: Add aUSD to MetaMask
First, make sure your MetaMask is connected to the Moonbeam network. If this is your first time connecting to Moonbeam, check out this guide, or go to https://apps.moonbeam.network/moonbeam to auto-connect.
To add aUSD tokens to MetaMask, you have two options.
Option 1: Via Moonbeam Dashboard
- Go to Moonbeam App: https://apps.moonbeam.network/moonbeam.
- Find Acala AUSD on the list of cross-chain assets, and click “add to wallet”.
That’s it, your aUSD should now appear in your MetaMask.
Option 2: Manually in MetaMask
Another option is to import aUSD with manual data input.
- Open MetaMask and make sure it’s connected to the Moonbeam network.
- At the bottom of the pop-up, click “Import tokens”.
3. Under the “Custom Token” tab, enter the “Token Contract Address” and “Token Symbol” in the respective fields.
Here are the aUSD token details on Moonbeam that you would need for this step:
- Token Contract Address: 0xfFfFFFFF52C56A9257bB97f4B2b6F7B2D624ecda
- Token Symbol: xcaUSD
Verify the above on Moonscan: https://moonscan.io/token/0xFffFFFFF4C1cbCd97597339702436d4F18a375Ab.
4. Finally, click “Add Custom Token” at the bottom of the pop-up.
The aUSD tokens should now be shown in your MetaMask wallet.
Step 3: Farm aUSD yields on Beamswap
With the newly added aUSD, you can now yield rewards in two new pools on the Beamswap Farm:
- GLMR — aUSD
- xcDOT — aUSD
Go to https://app.beamswap.io/farm, and find the pairs on the list.
Click “Details” and then “Stake” to set the amount in the pop-up. Once you’re done, simply “Unstake” and “Harvest” your rewards.
❗️ Note: In order to gain rewards, you should also have some GLMR tokens in your wallet.
Happy farming on the Beamswap Farm! 🚜
Beamswap is a DeFi Hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming. Beamswap will support the growth of Moonbeam’s ecosystem and act as a launchpad for new projects developing on the network. Our team’s mission is to aid in the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.