Mint USDO Stablecoin with $JUP: How To Guide
Getting Value from $JUP with OpenDAO’s Stablecoin Minter on BSC
OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets without needing to sell.
Getting started is simple!
Stake $JUP in the vaults to mint USDO → Supply USDO to the high APY stablecoin LP → Use USDO to buy more $JUP→ Repay to unlock collateral.
Scroll Down for Details
CONTENTS
→ How To
→ About USDO
→ About Jupiter Project
→ About OpenDAO
→ ???????????????????
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
⚈ 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 NEW 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 our partner’s auto-compounding farms to earn more.
INSTRUCTIONS BELOW!
[STEP 5] Add USDO + BUSD to a Liquidity Pool
This is how we get more out of our stablecoins while our assets wait.
Let’s start by adding $BUSD and $USDO to the Liquidity Pool.
⚈ Start by getting some BUSD with your USDO!
⚈ Then add USDO and BUSD to the pool at OCP’s Trade platform.
⚈ You will now being earning fees whenever anyone uses the pool to go back and forth between BUSD and USDO!
But don’t stop here!
Next step is key!
[STEP 6] Auto-compound LP Tokens for a High APY
⚈ Stake the OCP Trade LP tokens at Steaks:
⚈ Follow this link here to our partner Omni Consumer Protocols, or…
⚈ Approve and Confirm in Wallet
⚈ Deposit All!
⚈ Congratulations!
Your USDO and BUSD LP position is now auto-compounding, earning more of itself and reinvesting itself every 24 hours!
What does that mean?
❇️ No more daily rewards harvesting
❇️ No more wonky **** coin rewards
❇️ Yes, more APY!
[STEP 7] Lend USDO (optional)
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 JUPITER PROJECT
The Jupiter Project aims to make blockchain accessible and safe for everyone. Jupiter’s military-grade encryption helps ensure that user data is private and secure. Through our elite encryption capabilities, Jupiter can power secure dApps on public and private networks based on our client’s wishes.
The project features:
- Fully encrypted data
Data is locally stored on applications using our military-grade encryption. From there, data is sent through our nodes using SSL to capitalize on Jupiter’s built-in encryption protocol. - Automated data replication
Jupiter has built-in, automated data replication across all conforming nodes. For companies that can not store information on a public blockchain, Jupiter can be set up on a private network to utilize the exact automated data replication. - Immutable data
Each node in Jupiter’s public or private blockchain operates on a consensus correct copy of the blockchain’s database. Our consensus algorithms maintain and agree upon data quality to store it in the blockchain’s computationally trusted and decentralized database for complete verification.
Website | GitHub | Twitter | Telegram
Reddit | Instagram | Facebook
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
?????????
I wanted to tell you…
Thank you for reading our article! And…
If you’re clappy and you know it…
Click that clap button on the left a few times!
