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 $PLS and then exchanging your coins. Here’s how.

Step 1: Buy $PLS

For this method, you’ll first need to buy $PLS.

This is particularly effective as $PLS is already used for gas fees, making it a useful coin to have in your wallet when holding USDL.

$PLS is also the coin with the most liquidity paired to USDL. This makes it much easier to trade between these two coins.

To learn how to buy $PLS, visit this guide: How To Buy PLS (Step-By-Step)

Step 2: Swap your $PLS for USDL

Now that the harder part is out of the way, you can easily swap your $PLS for USDL.

There are several decentralized exchanges on PulseChain which you can use to navigate this step.

In addition, there are also DEX aggregators which you can use to find the best deal on your trades.

For the purpose of this guide, we are going to make things simple by using the largest liquidity pool on PulseChain’s largest DEX: PulseX.

1. Go to https://app.pulsex.com/ and click the first link under “IPFS”
2. Once on the front end for PulseX, you can import $PLS to use for your trade.

3. Click on “PulseX” and paste this address (0x0dEEd1486bc52aA0d3E6f8849cEC5adD6598A162) into the field that says “Search name or paste address”.
   
4. Then click “Import”, “I Understand”, and “Import” again.
   
5. Always make sure to cross-verify with other sources that the contract address listed above is correct.
   
6. Finally, choose the amount of $PLS that you would like to exchange for USDL and execute the transaction by pressing “Swap”.

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.