Minting

Mint stablecoins for exactly $1 of value per stablecoin by sending project tokens and USDC.

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:

  1. A USD hard pegged stablecoin deposited to the oneToken's Collateral Reserve

  2. 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.

Follow these steps to mint ICHI stablecoins

  1. 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.