Mint & Redeem

Burn more to rise more

MUSD can be minted with zero commissions at any time by depositing USDB at the current rate via the website. Users can redeem the value of their MUSD at any time by depositing their MUSD into our website/contract and receiving USDB at the current rate in return.

The MUSD redeemed from users will be removed from the circulating. Redemptions will have a 0.5% fee attached and will be used for:

  • 0.3% to the Mono Treasury

  • 0.2% to buyback and burn MONO

MUSD Earnings

Holders can only redeem MUSD to USDB on the DApp or swap via any pools available. MUSD will be distributed from the Mono Treasury via:

  • iNFT

  • MonoXP

  • MonoChest

  • Referral Reward

  • xMONO Dividend

Last updated