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Ronin Finance
  • Ronin Finance
  • Synthetic Stablecoins
  • RONIN FINANCE
    • $CYBER
      • CYBER Token Utility
      • Allocation
      • Farming Protocol
      • Staking and Locking
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  • MECHANISMS
    • Collateral Ratio
    • Price Peg
    • Minting and Redeeming
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  • 2-step Minting / Redeeming mechanism
  • Fee
  1. MECHANISMS

Minting and Redeeming

2-step Minting / Redeeming mechanism

A 2 step/2 transaction mechanism is required...this provides a level of flash loan protection to the protocol. Minting is accomplished with deposit of BUSD and a portion of $CYBER tokens. Advanced minting will allow users to use either USDC or USDT to mint as well.

Fee

There is a 1% fee for minting and 1% fee for redeeming, transferred to the Staking and Locking Distribution.

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Last updated 3 years ago