⚒️Minting and Redeeming

To mint 1 $WBNBX the protocol will require 1 $WBNB token and (100% - CR) of the deposited asset will be converted into the MNTI/WBNB LP.

e.g. CR = 95% and user wants to mint 10 $WBNBX

- 9.5 $WBNB will be deposited into $WBNB pool reserve - 0.5 $WBNB will be converted into the MNTI/WBNB LP

Redeeming

When redeeming 1 $WBNBX the protocol will return (CR worth of) $WBNB and (and 100%-CR worth of) $MNTI.

e.g. CR = 95% and user wants to redeem 10 $WBNBX - 95% will be returned as $WBNB - 5% will be returned as $MNTI

In order to prevent possible flashloan exploits, after minting or redeeming the user will have to take one more step and claim the tokens.

Minting and redeeming incur a 0.5% and 1% fee respectively which are distributed to the locked stakers.

Last updated 11 months ago