Standard Protocol DEX has going to deployed launch on Shiden Network (SDN) mainnet as the first MVP, being the first DEX and native stablecoin protocol on the ecosystem. Moving forward, we are aiming to support more EVM networks to be a truly chain-agnostic stablecoin protocol.
We have prepared this tutorial mainly for current erc-20 $STND hodler who already have erc-20 STND purchased on CEX, and guide you on how to move your $STND token to our DEX on Shiden Network on the smoothest way. ❗️Please do so when DEX mainnet is officially launched, by then we confirm DEX and bridges are all functioning well.
Now, be the first mover to enjoy our features including swap, farm, and dividend pool!
For other tutorials, please refer to our Public Wiki Page — Tutorial section.
Methods
Here is the step-by-step guide on the following scenarios, you can choose one of them with your preference.
Method 1: Convert $STND to $SDN from CEX and send to Metamask
- First convert STND to SDN on CEX via trading, then you can withdraw SDN to Shiden Network directly with low cost, and later swap $SDN for $STND on our DEX.
Method 2: Moving $STND to Shiden Network from Ethereum
- Demonstrate how to bridge $STND from Ethereum to Shiden network via Anyswap Router.
Scroll for step-by-step guide. For any questions, please join our Discord # dex-chat
Method 1: Convert $STND to $SDN from CEX and send to Metamask
Notes, this is the easiest way and less costly than bridging ERC20 with high transaction on exchanges and gas fee, by directly move assets from exchanges to DEX on shiden network.
Part 1: Swap $STND for $SDN on CEX (Kucoin, MEXC, Gate.io)
- First, you can swap $STND for $SDN on CEX including Kucoin, MEXC, Gate.io
Part 2: Send $SDN from CEX to Metamask
- You will need to convert Metamask address in H160 formate to SS58 (Shiden compatible format), refer to the article by Stakenode on “How to send Shiden Network SDN tokens from Kucoin (or other CEX) to Metamask — EVM tutorial” for this part
Part 3: Swap $SDN for $STND on Standard Protocol DEX
- Visit our DEX on swap module app.standard.tech/swap, and swap $SDN for $STND or other assets
❗Disclaimer:️ Please do so when DEX mainnet is officially launched, by then we confirm DEX and bridges are all functioning well.
Method 2: Moving $STND to Shiden Network from Ethereum
Part 1: Withdraw $STND from CEX to metamask
- First of all, you can withdraw STND from CEX (Kucoin, Gate.io, MEXC) to your Metamask wallet.
- Go to “Withdrawal” section, select STND token and input your Metamask address and amount to transfer. Current CEX only supports (Ethereum Network) ERC20, make sure your wallet has selected the Ethereum network.
- Confirm the transaction fee and your STND will show up in your Metamask.
Part 2: Import STND on Ethereum Network on Metamask
- If your wallet does not have STND imported yet, click “Import token on the buttom of Metamask, go to “Custom token”, and enter STND contract address.
- Ethereum STND contract address: 0x9040e237C3bF18347bb00957Dc22167D0f2b999d
2. Now, you should see STND showing up in your wallet.
Part 3: Import Shiden Network & STND on Metamask
- Before bridging STND from Ethereum to Shiden, import Shiden Network to Metamask first. Click on your wallet network drop down menu, and select “custom PRC”, then fill in Shiden Network details below.
- Network details (Astar guide): https://docs.astar.network/integration/network-details
- Network name: Shiden Network
EVM RPC URL: https://rpc.shiden.astar.network:8545
Chian ID: 336
Symbol: SDN
2. Once the Shiden Network is setup, we can import STND token on Shiden Network. Click “Import token on the buttom of Metamask, go to “Custom token”, and enter STND contract address.
- Shiden STND contract address: 0x722377A047e89CA735f09Eb7CccAb780943c4CB4
Part 4: Bridge $STND to Shiden Network
You can now bridge $STND to Shiden Network, via Anyswap Router.
Using Anyswap Router
Go to Anyswap Router: https://anyswap.exchange/#/router and connect with Metamask. Select STND on Ethereum network in the “From” section, and select Shiden Network on the “To” section.
- Enter the amount of STND you would like to bridge. Before approval, please ensure both networks have enough liquidity of STND for the transaction.
- Approve the transaction on Metamask and STND will later shown in Metamask wallet when you switch to Shiden Network. Please allow some time ~10–20 mins for the transaction, long waiting time happens occasionally due to heavy traffic.
For any help or questions regarding a bridging transaction via AnySwap, you can reach out to AnySwap or Standard Protocol. Please always be careful of scammers, and never reveal your seed phrase or private key to anyone.
*Note: To move other tokens to the Shiden Network, you will need to use Anyswap Bridge (not Router). Here is the list of tokens supported on Shiden Network via Anyswap https://anyswap.medium.com/anyswap-integrates-with-shiden-network-beb6c3a7bf42
Congrats, now you can enjoy our DEX! Stay tuned for more upcoming DEX campaign.
For any questions, please join our Discord # dex-chat
About Standard Protocol
Standard Protocol is the first Collateralized Rebasable Stablecoin (CRS) protocol for synthetic assets that will operate across multichain ecosystems, with our in-built DEX as a market maker to ensure capital-efficient liquidation process and stability of our stablecoin MeterUSD ($USM). It is also a recipient of the Shiden Network Builders Program Grant, Polygon #DefiForAll Fund and Polkadot Web3 Foundation Grant. Standard Protocol strives to innovate as the next-generation digital asset and prides itself on its global community growth approach.
We are launching our DEX and will also be the first native stablecoin Shiden Network, which unlocks financial opportunities to its community in both bullish and bearish market.
Please click the following links for further more information about the Standard Protocol: Website | Twitter | Telegram Community| Medium | Discord | Clubhouse | Reddit
Standard Protocol DEX Tutorial #1: Transfer STND token to Shiden Network was originally published in Standard Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
