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