| description |
|---|
Stable Coin Swaps, Farming and Conversions |
Stable Coin Swapping and Farming Protocol located at https://xdai.component.finance/.
Component enables stable coin swaps and provides a way to convert between stable coin instances. Due to the xDai Multi-Bridge Ecosystem, 2 (or more) instances of the same token can co-exist, for example USDC bridged from Ethereum and USDC bridged from Binance Smart Chain (BSC).
Depending on how you want to interact with a stable token (ie bridge it to BSC, bridge it to Ethereum, swap on Honeyswap), you can convert between instances. Using the Component app, you can swap between Binance-Peg USDC Token and USDC on xDai or Binance-Peg Dai Token and wxDai. In this case, you can unwrap your wxDai using Wrapeth to complete the conversion from Binance-Peg Dai to xDai. More on this process is available here.
{% tabs %}
{% tab title="USDP Stablecoin" %}
Name in BlockScout: USDP Stablecoin on xDai
Address: https://blockscout.com/xdai/mainnet/tokens/0xFe7ed09C4956f7cdb54eC4ffCB9818Db2D7025b8/token-transfers
{% endtab %}
{% tab title="Wrapped xDai" %}
Name in BlockScout: Wrapped XDAI
Address: https://blockscout.com/xdai/mainnet/address/0xe91D153E0b41518A2Ce8Dd3D7944Fa863463a97d/transactions
{% endtab %}
{% tab title="Binance-Peg Dai" %}
Name in BlockScout: Dai Token on xDai
Address: https://blockscout.com/xdai/mainnet/address/0xFc8B2690F66B46fEC8B3ceeb95fF4Ac35a0054BC/transactions
{% endtab %}
{% tab title="USDC" %}
Name in BlockScout: USD//C on xDai
Address: https://blockscout.com/xdai/mainnet/address/0xDDAfbb505ad214D7b80b1f830fcCc89B60fb7A83/transactions
{% endtab %}
{% tab title="Binance-Peg USDC" %}
Name in BlockScout: USD Coin on xDai
Address: https://blockscout.com/xdai/mainnet/address/0xD10Cc63531a514BBa7789682E487Add1f15A51E2/transactions\
{% endtab %} {% endtabs %}
The stable coin that powers Component finance is called USDP and comes from Unit Protocol. With Unit Protocol you can use assets on Ethereum, including STAKE on Ethereum, as collateral to borrow USDP. Component is also available on Ethereum at https://component.finance/.