vUSD
  • Introduction
    • What is vUSD?
  • Inside vUSD
    • Minting and Redeeming
    • Theory of Operation
    • Treasury Maintenance
    • Future Directions
  • Tokenomics
    • Governance
  • Resources
    • Contracts and Addresses
    • Official Links
    • Brand Assets
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  • Minting
  • Redemption
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  1. Inside vUSD

Minting and Redeeming

PreviousWhat is vUSD?NextTheory of Operation

Last updated 6 months ago

VUSD minting and redeeming is performed via the Minter module of the VUSD system. This can be accessed directly via smart contract, or via user interfaces such as

Minting

To mint VUSD, the user swaps an acceptable input asset (DAI, USDC, USDT) for newly minted VUSD at a 1:1 ratio, less minting fee (currently zero), in any amount with zero slippage. The input asset is deposited into VUSD's treasury, and the user receives VUSD as a swap output.

Redemption

To redeem VUSD, the user swaps VUSD for an acceptable output asset (DAI, USDC, USDT) based on Oracle price (DAI/USD, USDC/USD, or USDT/USD), less a redeem fee (current 0.1%), in any amount with zero slippage. VUSD is burned, and the user receives the requested output asset (DAI, USDC, USDT).

https://app.vdollar.finance/