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Minting / Redeeming

Description

Minting and redeeming are the processes of converting underlying assets to index assets, or vice versa. You can both mint and redeem directly through our user interface.

How-To (Redeeming)

    1.
    First, navigate to our fund page.
    2.
    Navigate to the fund you'd like to trade by clicking on it.
    3.
    Make sure your wallet is connected, and that you are on BSC mainnet. If you're connected, a wallet address should display in the top right on the navbar, otherwise click "Connect Wallet".
    4.
    Once connected, and once you have an index token balance to redeem, you may click on "Redeem" on the right-hand interface.
    5.
    You may then type in the amount of index tokens you'd like to redeem, after which the underlying tokens will be distributed to your wallet after exit fees are taken.

How-To (Minting)

    1.
    First, navigate to our fund page.
    2.
    Navigate to the fund you'd like to trade by clicking on it.
    3.
    Make sure your wallet is connected, and that you are on BSC mainnet. If you're connected, a wallet address should display in the top right on the navbar, otherwise click "Connect Wallet".
    4.
    Once connected, and once you have enough of EACH underlying token to mint with, you may click on "Mint" on the right-hand interface.
    5.
    You may then type in an amount for any token, after which the required amounts for all other underlying tokens should automatically adjust. Note that you are REQUIRED to have all of the underlying assets (a security requirement to ensure our IL protections hold).
    6.
    If this is your first time minting, you must approve each of the underlying assets for the Bundle in question.
Please note that, once sufficient liquidity has been provisioned, minting will ideally be something reserved to arbitrageurs (who ensure a Bundle's price remains close to the NAV) or to high value actors who need to minimize price impact.
Last modified 3mo ago