Fiorin FAQ
English
LoginRegisterTrade
Search
⌃K
Links
💸

Transactions

Detailed technical FAQs relating to Fiorin transactions

What is the minimum deposit?

The minimum deposit (receive) of ERC20 USDC
, USDT
 or DAI
 via the Ethereum
 bridge is $25.
Make sure you are aware of gas fees:
The minimum deposit (receive) of USDC
, USDT
 or DAI
 using STAS on BSV
 is $0.01.

What is the maximum deposit?

There are no maximum deposits.

What is the minimum withdrawal?

The minimum withdrawal (send) of ERC20 USDC
, USDT
 or DAI
 via the Ethereum
 bridge is $0.01.
Make sure you are aware of gas fees:
The minimum withdrawal (send) of USDC
, USDT
 or DAI
 using STAS on BSV
 is $0.01.

What is the maximum withdrawal?

The maximum withdrawal (send) of ERC20 USDC
, USDT
 or DAI
 via the Ethereum
 bridge is the lower of either:
  1. 1.
    Your maximum ERC20 deposit (receive)
  2. 2.
    $100,000
The maximum withdrawal (send) of USDC
, USDT
 or DAI
 using STAS on BSV
 is $0.01.

What happens when I receive (deposit) USDT, USDC or DAI?

Consider the actual STAS issuance of 609.89 USDXS tokens ($609.89). This occurs as three BSV
 transactions:
  1. 1.
    ​First transaction creates a P2PKH output (output #0) containing 60,989 satoshis (0.00060989 BSV) that is locked to this address (the USDXS token issuance address)
  2. 2.
    ​Second transaction spends output #0 in (1) and the same number of satoshis are locked as output #0 with a STAS locking script (this is the issuance STAS scripthash)
  3. 3.
    ​Third transaction spends output #0 in (2) and the same number of satoshis are locked as output #0 with a STAS locking script (this is the user's STAS scripthash)
    • This amount is displayed by the users wallet:

What happens when I send (withdraw) USDT, USDC or DAI?

Sending USDT
, USDC
 or DAI
 from Fiorin to your external ERC20 withdrawal address occurs as two distinct processes, STAS token redemption and ERC20 token redemption.

1. STAS token redemption

Consider the actual STAS redemption of 100 USDXS tokens ($100):
Notice the +$48.56 Bounty credit! This is free money to use to trade on DXS:
​Earning Bounty (gas fees)​
Redemption occurs as two BSV
 transactions:
  1. 1.
    ​First transaction (initiated and signed by the user's Fiorin wallet) creates an output containing 10,000 satoshis (0.0001 BSV) that is locked to the redemption STAS scripthash​
  2. 2.
    Once the transaction in (1) has one BSV
     block confirmation, the second transaction takes the output created in (1) and spends it to this address (the USDXS token redemption address)

2. ERC20 token redemption

The above actions trigger the Ethereum
 smart contract withdrawal of 75.72 USDT
 (100 USDT
 minus 24.28 USDT
 in gas fees) to the user's specified ERC20 address:
The gas fees paid of 24.28 USDT
 are doubled and reimbursed to the user's Bounty account on DXS as a credit of $48.56!
​Earning Bounty (gas fees)​
Withdrawal across Fiorin's bridge consumes approximately 2x the gas of a regular ERC20 token transfer on Ethereum
​

​

Technology - Previous
Token Protocol
Next - Technology
Earning Bounty (gas fees)
Last modified 3mo ago