I need $22,000 UST to withdraw my bETH collateral but I have no way of obtaining more UST. What are my options if I want to withdraw?
Its been a problem as CEX withdrawals and Wormhole have been down…However, the following works…
If you have a cosmos chain address and CEX account (Eg Kucoin) you can do following:
-Purchase ATOM on Cex
-Withdraw ATOM to cosmos chain
-Send ATOM on Osmosis using IBC
-Convert ATOM to UST
-Send UST to Terra chain address
IBC has been intermittent today – I had to try several times today to effect transfer, however eventually it worked.
Were you able to execute this?
earlier today, yes. However at present Terra chain is halted.
Were you able to successfully repay the loan and get bETH after the above steps?