In preparation to UniFarm Cohort 7 launch we have joined forces with ChainSwap and enabled option to swap $UDO from Ethereum to Binance Smart Chain or vice-versa.
Ethereum gas fees have been a major challenge for many users wishing to participate in the Unido Liquidity Mining program. Thus, we are providing a solution that will enable our community to leverage Binance Smart Chain for a one-sided staking option that will allow for:
1. Lower gas fees
2. Greater portability
3. Faster transaction speeds
4. Greater diversification in staking the UDO token to receive other tokens
[GUIDE] HOW TO SWAP $UDO TOKENS FROM ETHEREUM TO BSC
Wallet is required to connect with ChainSwap. In this guide, we will use MetaMask.
Open ChainSwap and connect your MetaMask wallet.
From the drop down menu, select $UDO and enter the amount tokens you want to swap.
Click on CONFIRM after entering the number of $UDO tokens that you want to move from Ethereum to BSC.
Click on “Deposit in Ethereum Chain”.
Wait for the confirmation of deposit in Ethereum Chain.
Confirm again. MetaMask will open up and confirm the interaction.
Once the interaction is approved, click on “Withdraw on BSC Chain.”
Once again, it will open up the MetaMask and ask the user to switch chain to BSC. Click on “Switch Network”.
Click on “Withdraw on BSC Chain”.
Congrats! You have successfully bridged your $UDO tokens from ETH to BSC.
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralized finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilizes it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.