How to mint UXD
The below describes the minting process to create new UXD for usage in the crypto economy.
Minting UXD is available only to persons not in a restricted jurisdiction. For more information, please see our Terms and Conditions regarding the usage of UXD Protocol.
"Minting" UXD is the process of creating new UXD in exchange for a USD-equivalent of a decentralized crypto asset such as SOL. For example, approximately 100 UXD can be created using $100 of crypto assets, making UXD highly capital efficient. The difference between the USD amount of crypto assets and the UXD created is due to (i) slippage (the change in price between a user's order submission and final execution) and (ii) trading fees on the underlying derivative exchange.
UXD Protocol does not collect any fees from the user.
Please note: The minimum mint size is .01 SOL (~$1.5 as of January 2022) due to the functionality of the underlying derivatives exchange(s).
- 1.Visit the Minting Application. If you are in a restricted jurisdiction, you will receive the following message when attempting to access the application:
If you are not in a restricted jurisdiction, you will see the following page:
2. To proceed, click "Connect" in the upper right corner:
You will be prompted to accept the Terms and Conditions in order to connect your wallet. Click acknowledge after you have read the Terms and Conditions and hit "Confirm.
Select your desired wallet and enter the password to access your wallet. You will receive a pop-up indicating that you're now connected.
3. Enter the amount of SOL you'd like to exchange for UXD. Then, select your desired slippage tolerance and click "Mint" and approve the transaction in your wallet.
4. Once the transaction completes, you will receive a notification indicating UXD has been successfully minted to your wallet:
You will now be able to view your UXD balance in your wallet! UXD's token address is