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 eligible collateral.
  2. 2.
    On the home page, enter the amount of collateral you would like to deposit 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.

Redeeming USDs

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