Currently no major centralized exchange supports withdrawals onto the Karura network. We recommend following the steps below to obtain aUSD on the Karura network:
- 1.withdraw $KSM (Kusama) from centralized exchanges (e.g. Binance, Bitfinex, Kucoin) to your Substrate wallet address (recommend using a Polkadot.js wallet) on the Kusama network.
Now you have $KSM in your Karura wallet, you have two ways to obtain $aUSD:
- 1.Swap using the AMM pools- Here you can directly swap $KSM into $aUSD. Please note that the price here can deviate from that of centralized exchanges. You also may need to swap some $KSM into $KAR to cover the small gas fees on the Karura network.
- 1.withdraw $USDT from a centralized exchange (like Bitfinex) to your Substrate wallet address (recommend using a Polkadot.js wallet) on the Kusama network. This gets withdrawn onto Statemine, a parachain of Kusama which supports minting/creation of assets.
- 3.Once you have $KSM and $USDT in your Statemine wallet, you can use the Karura bridge from above to bridge $USDT from Statemine to Karura.