Minting tRUSH

Minting tRUSH is a straightforward process of depositing collateral to create new tokens. Here is a step-by-step guide.

1. Navigate to the Minting Section

First, head to the main Dashboard on the website and select the Mint tab to open the minting interface.

2. Set Your Mint Amount

You can specify the amount of tRUSH you wish to create in two ways:

• Direct Input: Type the exact amount of tRUSH you want to receive into the input field.

• Slider Control: Use the provided slider for more granular control over the quantity.

3. Review the Calculation Card

As you input an amount, a calculation card will update in real-time to show you a full breakdown of your mint. It's important to understand each component:

• Gross Mint: This is the total amount of tRUSH calculated from your collateral deposit, before any fees are deducted.

• Minting Fee: The protocol charges a fee on every mint, which is initially set at 2%. This field will show the current percentage being applied.

• You Receive: This is the final, net amount of tRUSH that will be sent to your wallet after the Minting Fee has been subtracted.

• Required Collateral: This shows the exact amount of collateral (initially USDC) you must deposit to proceed. The calculation is based on the current minting rate, which is initially $5.00 worth of collateral per 1 tRUSH.

• Mint tRUSH: The mint button will trigger the mint process. The button will display the Gross Mint, however, you only get the You Receive net amount, the Treasury gets the Mint Fee in tRUSH form.

Minting rates and fees are dynamic and set by Treasury. Always check the amounts before signing.

4. Execute the Transactions

Minting requires two separate transactions for security:

1. Approve Collateral: The first transaction you must sign is an approve transaction. This gives the protocol's smart contract permission to transfer the required amount of collateral from your wallet. Your funds do not move at this stage.

2. Confirm Mint: The second transaction executes the mint itself. By signing this, you authorize the protocol to take the approved collateral and lock it in the collateral pool. In return, the net amount of tRUSH ("You Receive") is minted and sent to your wallet.

Important: Always double-check the amount you are expected to receive before signing the final transaction. Wallets like Rabby are excellent for this, as they can simulate the transaction and show you exactly what assets are entering and leaving your wallet before you commit.