Pre-approving & Depositing USDC for AutoUSDai Tutorial with etherscan (if you don't want to use USDai's front end)
Start: Oct 8th 12pm EST
--Approving USDC for AutoUSDai contract 1) Go to autoUSDai's contract, sign with your web3 wallet
2) Go to "Contract" -> Write as Proxy -> Approve -> Set spender "0x62dDf301B21970e7Cc12c34cAAc9CE9bC975c0a9" (AutoUSDai's contract) and value "10000000000000000000000" (sets approved value for $10M - should be enough!)
3) Write, confirm tx, you're halfway done
--Depositing USDC for AutoUSDai contract (Step 8)
1) Set "assets_" as "1000000000" (this is for $1000 USDC; modify the number accordingly)
2) Write, confirm tx, receive AutoUSDai
🫂Join my team
Side note: This strategy does not explain the pros/cons of usdAI or AutoUSDai's new $75m raise cap. It's only meant for you to execute without relying on the official USDai website in case it goes down; do your research accordingly.
The deposits were hit in under exactly one minute. Congrats to those who got in; this guide might stay relevant for future launches. If not, I'll write a new one adjusted to the strategy.
Or might even think of some scripted actions to get ahead of bots.
As a correction to the 1st step: Pre-approving USDC for use with AutoUSDai:
1. Go to
2. Spender set to AutoUSDai; value set "10000000000000000000000" ($10M, you can modify that field as needed)
I should've shared two separate contracts for USDC Approve & AutoUSDai Deposit, but got mixed up due to the lack of time before the event. The additional step you had to take was manually approving USDC. In that case, no security/funds were at risk.
Future guides will get published way before the event occurs.
4.5K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.