Deposit stablecoins on BSC version of xSigma: (TBA)
Stake to receive Rewards: (TBA)
Cost of migration
While gas on Ethereum is high, keep in mind that you only need to complete three transactions: unstake, withdraw, bridge.
To save gas, you might consider withdrawing only one stablecoin. If you do that, consider impermanent loss that comes from pool imbalance.
BSC transactions are regularly cheaper than Ethereum. Typical cost of transferring BEP20 token is 0.0002 BNB, which is about 0.10$.
Staking on BSC requires 4+ transactions: approve each of the stablecoins, deposit into stablecoin pool, approve SIG-LP for staking, stake SIG-LP.
Let's run over each of the steps again. Most of them are similar to Ethereum version. However, you will need to add BSC network into your wallet, and you will need to find a bridge that suits you best.
Unstake & Withdraw
Go to Rewards page
Go to Pool 1
Press Max, then Unstake
Go to Deposit – Find Withdraw button on the bottom
Select Max to withdraw in balanced proportion,
(Optionally) Press stablecoin logo to withdraw all in this stablecoin
Press Withdraw and sign the transaction
Find any bridge than allows ETH-BSC crosschain movement. Many CEX support output funds into BSC blockchain, including Binance.com. There also exists Anyswap.exchange as a more decentralized solution.
Input the amount of token you're planning to bridge
Submit form and sign two transactions: Approve & Transfer.
Don't close this page! You will receive assets onto your
! Disclaimer ! Anyswap is not affiliated with xSigma. We only use this as an example. We recommend doing your own due diligence and selecting the most convenient and secure bridge option for you.
Also, keep in mind that xSigma BSC operated their pool with USDC, USDT and BUSD. This means you wouldn't need your DAI, and you either need to convert them to BUSD, or don't withdraw SIG-LP to DAI to begin with.
Deposit & Stake
These steps are basically the same as Ethereum version. This section will be updated with relevant screenshots after the platform release.