Mint / Redeem

Minting oUSD

In order to mint 1 oUSD, the system requires TCR worth of USDC and (1 - TCR) worth of ORU.
When TCR = 80%, 100 oUSD can be minted with $80 worth of USDC and $20 worth of ORU

Redeeming oUSD

In order to redeem 1 oUSD, the system returns ECR worth of USDC and (1 - ECR) worth of ORU.
When ECR = 75%, if 100 oUSD is redeemed, the system returns $75 worth of USDC and $25 worth of ORU
oUSDAmount=(CollateralAmount×CollateralPrice)+(ShareAmount×SharePrice)oUSD _{Amount}=(Collateral_{Amount}×Collateral_{Price}) +(Share_{Amount}×Share_{Price})

Fee

For every action of mint/redeem, the user is charged a fee. Fee transfers to the Revenue Manager.
Action
Fee
Mint
0.3%
Redeem
0.4%
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Outline
Minting oUSD
Redeeming oUSD
Fee