How To Buy USDL (Step By Step 2024)

If you’re reading this, it’s probably because you’ve decided to unlock new features in the DeFi landscape by getting your hands on USDL.

USDL is a completely decentralized stablecoin that is fully-backed and censorship-resistant.

When you use USDL in your transactions, you’re using an industry-standard ‘True-DeFi product’.

Here’s the easiest way to buy USDL right now on PulseChain.

Disclaimer: Buying any speculative asset, even stablecoins, can mean taking on risk. This article provides an overview of how to buy USDL, but does not constitute financial advice.

The Easiest Way to Buy USDL

Although there are several ways to buy USDL tokens, this is currently the simplest and most cost-efficient method.

It involves buying DAI and then exchanging it for USDL. Here’s how.

Step 1: Bridge to PulseChain

Although there are several different paths to buy LOAN token, this one is the simplest and most cost efficient for now.

To buy USDL, you must first bridge your economic energy from Ethereum to PulseChain.

The stablecoin with the most liquidity on PulseChain is DAI from Ethereum, but other stablecoins will have sufficient liquidity

Simply buy DAI or another stablecoin on Ethereum and bridge it to PulseChain.

Once you have your DAI, use this guide to Bridge to PulseChain.

Step 2: Swap your $PLS for USDL

Now that you have done the hard part, you can swap your DAI for USDL token.

There are several different decentralized exchanges on PulseChain, as well as DEX aggregators which help you get the best deal on your trades.

To keep it simple, we will use the go-to DEX Aggregator on PulseChain named Piteas.

Go to: https://app.piteas.io/ and connect your wallet.

Click the token dropdown in the top box and select DAI from the pre-selected tokens.

Next, choose the dropdown in bottom box, type "USDL" in the search bar and choose the first result.

Finally, choose the amount of DAI, click "Swap" and confirm the transaction in your wallet.

Once the transaction is validated, you have successfully bought USDL!

The Best Way to Get USDL?

If you know how to get around on PulseChain, you could access an even more capital-efficient way to get your hands on USDL.

Anyone who holds $PLS can use Liquid Loans to collateralize their holdings and mint USDL. This can be a great way to unlock the value of your $PLS without selling your coins. Check out our article Don’t Sell Your $PLS for the Shiny Object to learn more.

Or, if you’re ready to access the most capital-efficient way to get USDL, check out our guide on How To Borrow USDL.