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Minting & Redeeming USDs
Users can mint USDs with SPA tokens and a choice of their collateral (USDC or USDT). The Mint page will automatically reflect the amount of collateral and SPA required to mint USDs. Users can redeem USDs for SPA tokens and a collateral of their choice.
The ratio of Collateral to SPA tokens required to mint or redeem USDs is algorithmically determined and is a component of the USDs stability mechanism.

Minting USDs

  1. 1.
    To mint USDs, you will need SPA tokens and eligible collateral, find our tutorial to buy SPA here.
  2. 2.
    On the Mint Page, enter the amount of collateral you would like to deposit in either SPA or collateral terms. The relationship value will automatically populate, and you can see how much USDs you will mint.
  3. 3.
    Approve Spend and Confirm the mint in your wallet.
Minting USDs

Redeeming USDs

  1. 1.
    On the Redeem Page, enter the amount of $USDs you would like to redeem. The value of redeemed SPA and collateral will automatically populate depending on market conditions.
  2. 2.
    Approve Spend and Confirm the redemption in your wallet.
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