Classic Mint
Minting flow for Classic Mint
Last updated
Minting flow for Classic Mint
Last updated
Stablecoins vs Non-Stablecoin Assets Users minting USDf with stablecoins will do so at a 1:1 ratio, while users minting with non-stablecoin assets will be subject to an overcollateralization ratio (OCR). As indicated in the previous section, OCRs will vary based on the non-stablecoin asset's risk profile.
Refer to the for further details on different deposit processes.
Express Mint An Express Mint is an extra feature provided for users using the Classic Mint mechanism. It offers users two additional options in the process of minting their USDf. Compared to a regular mint where users simply receive the amount of USDf minted, and are required to proceed with further processes like staking and restaking manually, Express Mint users are able to bypass these automatically.
Option 1: Mint & Stake
This option automatically stakes users' USDf after it is minted, directly returning users sUSDf instead of USDf at the end of the process.
Option 2: Mint, Stake, & Restake
This option requires users to pick between available fixed-term tenures, automatically staking their' USDf after it is minted, then restaking the returned sUSDf into the chosen vaults.
Users will receive an ERC-721 NFT representing their locked position instead of USDf or sUSDf at the end of the process
Refer to the and sections for further details on staking and restaking respectively.
