How to Mint USDR
Step-by-step guide for minting USDR tokens
Minting Process
Wallet Connection
Begin by connecting a supported wallet to the RWAX platform or a compatible DeFi application.
Minting Selection
RWA Direct Minting
Choose this option if you possess eligible RWAs, specify the amount, and initiate the deposit.
USDC Indirect Minting
Opt for this if you wish to mint using USDC, enter the desired amount for conversion.
Asset Verification
The protocol will assess the deposited RWAs for direct minting or check the CP’s backing for indirect minting.
Blockchain Transaction
Once the assets are verified, the transaction is processed through the blockchain, resulting in the creation of USDR.
Fees
Note that blockchain transactions incur gas fees, and indirect minting might involve additional service fees.
Confirmation
After the transaction settles, users can confirm their USDR balance on the blockchain or via the protocol’s dashboard.
Security Measures
Smart Contract Integrity
The minting is automated and secured by smart contracts that undergo thorough audits to safeguard against issues like unauthorized minting.
Decentralized Governance
As the ecosystem matures, governance token holders will influence minting policies, including adjustments to the RWA eligibility criteria and CP standards.
This dual minting strategy is crafted to accommodate a broad range of users, from those holding RWAs directly to those preferring the simplicity of using another stablecoin as an intermediary, all while upholding the value and trust in USDR.