How to Mint USDO with $LIME
Squeeze Value from $LIME with OpenDAO’s Stablecoin Minter on BSC
OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value in your $LIME, and earn more of it in the process.
It’s simple!
Stake LIME in the vaults to mint USDO → Supply USDO alongside LIME at a high native APY → Lend USDO to earn more → Repay to unlock collateral. EASY!
Details Below
CONTENTS
→ How To
→ About USDO
→ About OpenDAO
→ About iMe Labs
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HOW TO
[STEP 1] Go to https://mint.opendao.io/
NOTE KEY DETAILS:
{2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — —
{3} Your Info: Very important information about your position and assets — — — — — — — — — — —
{4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below.
[STEP 3] Stake Asset
⚈ Click “Approve” and confirm in your wallet.
NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enable collateral
⚈ Enter the amount you’d like to stake, or click the “% or MAX” buttons.
⚈ Click “SUBMIT.”
⚈ Your collateral is staked, and you can now start minting!
[STEP 4] Mint USDO
⚈ Choose the top center tab — “Mint USDO”
⚈ The “Mint” subtab should be automatically selected
⚈ Click “APPROVE” — Confirm in wallet
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ NEW squeaky clean USDO! Cha-ching!
Hey USDO Holder!
With your newly minted USDO, you can supply liquidity to various LPs to earn trade fees.
Once you’re an LP, stake in the auto-compounding farms to earn more.
INSTRUCTIONS BELOW!
[STEP 5] Add USDO + LIME to a Liquidity Pool
This is how we get more of your favorite asset!
Let’s start by adding $LIME and $USDO to the Liquidity Pool at PancakeSwap.
⚈ Follow this link here to PancakeSwap or…
⚈ Click the “ADD LIME-USDO LP” button on the site.
⚈ You will now being earning fees whenever anyone uses the pool to go back and forth between LIME and USDO!
[STEP 6] Stake your LP Tokens for a 1000%+ APY
⚈ Follow this link here to our partner Omni Consumer Protocols, or…
⚈ Click the “STAKE LIME-USDO LP FOR XXX.XX% APY” button on the site.
⚈ Congratulations!
Your USDO and LIME is now auto-compounding, earning more of itself every 24 hours!
What does that mean?
❇️ No more daily rewards harvesting
❇️ No more wonky **** coin rewards
❇️ Yes, more APY!
Instead of seeing rewards, you should see your underlying deposited LP position increase, putting your tokens to work so you don’t have to… and with more of what you love!
[STEP 7] Lend USDO
This is a great option for those who want to put some stable coins to work! Probably after having been active in the pools for a while, or during a bear market!
⚈ Choose the top right tab — “Lend USDO”
⚈ The “Lend” subtab should be automatically selected
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ Start to EARN!
ABOUT USDO
USDO is an over-collateralized multi-collateral stablecoin pegged to the US dollar, thereby making stocks, real estate, crypto currencies, and nearly any real world asset a viable candidate as collateral for minting it.
One by one, assets are being added as approved collateral for minting our stablecoin, and over the next year, we can expect to see larger, more illiquid, and more ‘tangible’ assets added to our platforms.
Of course, USDO is also jam packed with utility and is available for use across a growing number of platforms. Read more here.
Welcome. You’re early!
Join us in OpenDAO Telegram to get the latest news too!
ABOUT OpenDAO
OpenDAO (OPEN) is the home of the multi-collateral over-collateralized stablecoin, and we serve as a bridge for real-world assets to cross over into the growing DeFi infrastructure.
The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
Real world industries’ business models will be completely transformed as a result of our success.
Join our Telegram if you haven’t already! t.me/opendao
ABOUT iMe
iMe is an entire ecosystem with a Telegram-based messenger, Crypto Wallet, and DeFi tools… Not to mention, its native utility token $LIME.
With robust DeFi capabilities integrated into the messenger (Uniswap, Binance Smart Chain, Ethereum,) iMe is on a mission to make DeFi more accessible to a wider population.
The platform enables sending any crypto via Telegram handles in a few clicks. Notably, iMe is the first project to add Binance Pay functionality to its wallet.
iMe app NOW AVAILABLE for Android and iOS users!
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