Mint & Redeem

Towards to 1:1 mission.

We create VDP protocol to be stable governance token of the VONDER platform.
There are only 3 ways to get VUSD. 1. Minting 2. VUSD Vaults 3. Kururu P2P orderbook

Here is how it will work:

Minting 1 VUSD
    1.
    User deposits 1 BUSD as collateral.
    2.
    VONDER mints 1 VUSD and gives it to the user.
    3.
    User spends 10% minting fee in XVON.
    4.
    VONDER deposits 0.1 BUSD into the treasury for the investment in strategy.
    5.
    VONDER uses the 10% minting fee on xVON.
    6.
    User get 1 VUSD
Redeeming 1 VUSD
    1.
    User redeem his collateral, he returns 1 VUSD
    2.
    User spends 2.5% VUSD fee.
    3.
    User spend <10% minting fee on xVON depending on current total supply of VUSD.
    4.
    User get 0.975 BUSD back.
** General Mint & Redeem fees are subjected to changes
Last modified 10d ago