oneTokens are minted by you with your non-hosted Ethereum wallet through the DMA. There is no issuing entity, bank, or any other counterparty. You pay exactly $1 of value in two parts to mint a oneToken:
A USD hard pegged stablecoin deposited to the oneToken's Collateral Reserve
The oneToken's native project tokens (ie, wBTC) which is deposited to a Community Treasury
A minting ratio specifies how much USD hard pegged stablecoin and how much of the oneToken's cryptocurrency you pay to mint a oneToken. For example, you pay $0.90 USDC and $0.10 wBTC to mint oneBTC (the stablecoin for Bitcoin) at a 90% minting ratio.
Go to https://ichi.farm/#/mint to see the Minter in Figure 1.
2. Connect your Ethereum Wallet. If you are new to Ethereum, go here to learn about Ethereum wallets: https://ethereum.org/en/wallets/
3. Click Mint
4. Choose a stablecoin to mint
5. Enter an amount to mint.
6. Click Mint to send the transaction to your Ethereum wallet
7. Sign the transaction in your Ethereum wallet.