Mint
Mint is the protocol-native way to create an overlaid asset from the supported underlying stablecoin.
What mint does
When the user supplies the underlying stablecoin, the protocol records custody and backing, then mints the corresponding overlaid asset at a deterministic ratio. Minting does not depend on market price, oracle input, or discretionary approval.
When to use mint
Use mint when:
- You already hold the supported underlying stablecoin.
- You want the protocol-native path into Overlayer.
- You want to hold or stake the overlaid asset afterward.
How to mint
- Open the Mint/Redeem section from the side menu.
- Set Mint on the widget.
- Select the Overlaid Asset you want to mint.
- Choose the supported collateral asset you want to deposit.
- Enter the amount you want to mint.
- If this is your first time, click Approve and confirm the token approval in your wallet.
- Once approval is confirmed, click Mint and confirm the transaction.
Costs and limits
- Protocol fee: 0%
- Network fees: Yes
- Cooldown: No
- Lockup: No
- Per-block mint limit: None*
* Per-block mint limit can be instantly changed due to security motivations.
Mint is not swap
Mint is deterministic protocol issuance. Swap is market-based execution through liquidity.