Internet Computer has launched ckUSDC Sepolia, an ICP adaptation of USDC using the ckERC20 token standard. The ckETH minter on Internet Computer’s mainnet has been updated to support the Sepolia version of the USDC token.
In a recent post on forum, Christian Müller, Senior Software Engineer at DFINITY, explained that users can obtain Sepolia ETH and Sepolia USDC from various online faucets to interact with these tokens.
Users can deposit Sepolia ETH and USDC to mint ckETH and ckUSDC tokens, respectively.
The DFINITY Foundation, a non-profit organisation developing technology for the Internet Computer (ICP) blockchain, oversees these developments.
Notably, while ckETH is not required for depositing USDC, it is needed to withdraw ckUSDC and receive USDC in return.
Part of the ckSepoliaETH will be used by the minter canister to cover transfer transactions on the Sepolia testnet. The canister IDs for the ckSepoliaETH minter are available for reference.
📣 Introducing ckUSDC testnet on Sepolia
Experience the future of DeFi with ckUSDC Sepolia, the digital twin of #USDC Sepolia on #ICP
Next step, ckERC20 👀 https://t.co/G7ecRmJbC4
— DFINITY (@dfinity) April 24, 2024
The ckSepoliaETH minter provides a dashboard showing conversions and corresponding Ethereum transactions for both ckETH and ckERC20 transactions. Developers interested in supporting ERC20 conversions with ck-twin tokens in their decentralised applications (dapps) are encouraged to experiment with ckUSDC.
Müller notes that the project is still in development, so users may encounter bugs, and the canister’s state may reset during upgrades.
He invites users to report any bugs encountered to improve the stability of ckETH/ckUSDC.
Currently, there is no user-friendly front-end available, so users should be comfortable using dfx calls, especially for the final step.
Last June, the ICP introduced an upgrade proposed by the community to enhance support for all canister smart contracts, allowing users to hold and transfer ICP tokens.
DFINITY also aims to integrate the Bitcoin (BTC) network directly with the Internet Computer, enabling smart contracts on Bitcoin using Chain Key cryptography.
