The Minting Dashboard
Minting is the backbone of a market's initial liquidity. As a minter, you will receive 70% of all protocol fees, proportional to the share of the total minted assets, for a certain market. However, it is important to remember that as a minter, you are short the asset you decide to mint.
The basic mechanics of minting are as follows:
- 1.You deposit USDC into your minting account
- 2.You ‘mint’ assets which are backed by your locked USDC as collateral
- 3.When you want to exit your minted position, you buyback and burn the previously minted assets
- 4.You can withdraw your deposited USDC until the accounts c-ratio is 125% or you can withdraw all your USDC if you have no minted assets
To view your minting dashboard, navigate to ‘Minting’ at the top of the webpage.
- 1.Minting Metrics
- Minted Value are the total value of your minted assets across all markets
- Collateral Locked is the total value of your USDC minted as collateral
- Unclaimed rewards are the protocol fees you have accrued from your minted assets
- Price is the contract price of the asset (note that the oracle price is to the right of the contract price)
- Total SOL/ETH is the current total number of SOL/ETH contracts that are minted on a certain market
- Open Interest (OI) the value of the total outstanding minted positions on a market
- Total Collateral Locked is the amount of USDC backing the minted assets in a certain market
- 2.The Minted Assets Chart is a graphical representation of the total number of minted assets on a certain market
- 3.
Last modified 1yr ago