A Step by Step Guide for XUSD User Mining
Step 1: Go to the Mintbase and select a collateral pool:
Note: When select WETH, users need to go to Uniswap DEX to wrap ETH to WETH by hand.
Step 2: Go to the Mint card, you have to approve both WETH and XUS
Step 3: After approve, fill WETH amount you want to use to mint XUSD, the XUS amount and output XUSD amount will be calculated automatically:
Step 4: Due to the price fluctuations of collateral and XUS, there may be slippage, so you have to set the slippage tolerance at the top bar:
Step 5: Hit Mint and wait for confirmations in Metamask.
Step 1: Fill in the amount of XUSD you want to redeem, the output collateral amount and XUS amount will be auto-calculated:
Step 2: Hit Redeem and wait for confirmation in Metamask, then wait for the redeem transaction to complete.
Step 3: You have to wait for 1 block until you can claim the redemption output.
Step 4: Go to the Claim card, it displays the amount of collateral and XUS you can claim:
Step 5: Hit the Claim button and confirm the transaction in Metamask.
When the effective collateral ratio(CR) is above the target collateral ratio, you can burn your XUS and get the excess collateral in the pool, this process is called Buyback.
Just input the amount of XUS you want to burn and hit the Buyback button.
Same as above, when the effective collateral ratio is below the target collateral ratio, you can put collateral into the pool and get XUS with some extra bonus.
5. Liquidity Program
There are 4 staking pools on the bank page:
You can deposit XUSD or Uniswap ETH/XUSD LP token or XUS/XUSD LP token or BAC/XUSD LP to earn XUS reward, the pool weights are different, select the ones based on your own risk preference.
There are almost no XUS and XUSD circulating supply at launch, to bootstrap the protocol, we will hold the collateral ratio to 100% for a period of time, at this stage, minting of XUSD does not require XUS, users can mint XUSD with their WETH or DAI. After this stage, we will enable the collateral ratio refreshing function, users may need XUS tokens to mint XUSD at this stage.
Official Contracts Addresses Info
XUSD Stablecoin Token Contract Address: 0x1c9BA9144505aaBa12f4b126Fda9807150b88f80
XUS Share Token Contract Address:
More contracts info could be found here: https://github.com/XUSDStable/xusd
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