Minting & Redeeming USDs

Users can mint USDs from their collateral (USDC.e, USDC, Frax, DAI, USDT or LUSD). The Mint page will automatically reflect the amount of collateral and SPA required to mint USDs (Currently, no SPA required). Users can redeem USDs for a collateral of their choice.

Minting USDs

1. To mint USDs, you will need eligible collateral.

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. Approve Spend and Confirm the mint in your wallet.

Redeeming USDs

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. Approve Spend and Confirm the redemption in your wallet.