Upfi
  • UPFI Stablecoin
    • Fractional Protocol on NEAR
  • UPS tokenomic
  • Roadmap
  • Products
    • 🧑‍🌾Farms, pools and vaults
    • 💱Exchange : stableSwap
    • 🏛️GOV (DEFI 2.0)
      • Quick start
      • FAQ
      • Block rebase
      • Staking
      • Bonding
    • 💰Treasury
    • 🏞️UPFI World (Social metaverse)
      • Entertainment
        • No-Loss Competitions
        • Mini game
    • 💎UPFI Pro
  • MECHANISM
    • Price Stability
    • Collateral ratios
    • Minting
    • Redeeming
    • Pricing oracles
    • Liquidity and Partners
  • USING THE WEB
    • Buy Bonds
      • Devnet
    • Stake UPS
      • Mainnet
      • Devnet
    • Farming & UPFI protocol
      • Devnet
      • Mainnet
    • Stable swap & farm pool
    • UPFI - Lucky No Loss
      • Close-Out
      • Prize Pool Structure
    • Mini-Game
    • UPFI world character NFT
    • UPFI Pro
    • Near
      • Testnet
  • Community and support
    • Sollet wallet setup
    • Contracts
    • 🔐Audit
    • Community
    • FAQs
    • Become as a partner
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  1. MECHANISM

Minting

PreviousCollateral ratiosNextRedeeming

Last updated 3 years ago

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Minting is the name of the process which creates UPFI tokens. In order to mint 1 UPFI token, the user must deposit approximately $1.00 worth of collateral into the protocol in the form of USDC and UPS token. The ratio of USDC and UPS token that is required for minting UPFI token is determined by the Target Collateral Ratio (TCR) The percentage of USDC token required is always equal to the TCR percentage, while the required percentage of UPS token is 100% minus the TCR percentage.

Example: If you would like to mint 1,000 UPFI tokens and the TCR percentage is 75%, then you need 75% USDC and 25% UPS