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  1. bsxUSD

bsxUSD Guide

Simple guide on how to convert into and out of bsxUSD

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Last updated 1 month ago

Step 1: Connect Your Wallet

Connect any major EVM-compatible wallet to get started. Make sure you have sufficient USDC available for deposit.

Step 2: Deposit and Start Earning Yield

Depositing USDC to convert USDC to bsxUSD fast and simple. Once your wallet is connected, choose one of two options:

Option 1: From the BSX Perpetuals Page

  • A deposit interface will appear, allowing you to choose an amount (25%, 50%, 75%, or 100% of your USDC balance).

  • The Yield feature is enabled by default, displaying the applicable APR.

Option 2: From the Portfolio Page

  • Click Earn in the BSX Prime Collateral section, enter the desired USDC amount, and confirm the action.

Step 3: Complete the Deposit

Across both methods, the process includes:

  • Selecting your preferred network.

  • Choosing the deposit amount (25%, 50%, 75%, or 100%).

  • Confirming the APR with the Yield feature enabled.

  • Finalizing the transaction by clicking Confirm Deposit and signing the wallet prompt.

Once complete, your bsxUSD balance will appear under BSX Prime Collateral.

Step 4: Monitor and Maximize Your Returns

  • Track Your Earnings: After deposit, your bsxUSD balance will begin accruing yield, visible in real time.

  • Compounding Made Simple: Earnings are automatically compounded, continuously reinvested to grow your total value.

Step 5: Redeem Anytime

  • Withdraw your funds at any time — no fees, no lockups, and no delays.

  • All earned rewards are included in your redemption and converted back to USDC, instantly reflected in your wallet.

Step 6: Trade with bsxUSD

  • Go to the perps page on BSX and make sure you're collateral mode is set to Multi-Collateral

For existing USDC in your trading account, head to the Portfolio page ()

https://app.bsx.exchange/en/portfolio
Click on deposit in the top right pane
Click on Earn in the BSX Prime Collateral Section
Confirm and Deposit your Funds
Compounded Earnings Appear Here
Choose the Amount to Redeem
Make Sure to Turn On Multi-Collateral Mode