Opening Collateral Vaults and Minting thUSD

Steps to Open Collateral Vaults and Mint thUSD

1. Access the thUSD App Interface:

   • Navigate to app.thresholdusd.org and connect your preferred wallet on BOB Network.

2. Open a New Vault:

   • Go to the “Borrow” menu, choose tBTC or ETH as your collateral, and select "Open a Vault".

3. Deposit tBTC or ETH:

   • Specify the amount of tBTC or ETH you wish to deposit as collateral. Ensure the deposited amount meets the minimum collateral requirement of $2,000 ($1,800 minimum debt + $200 liquidation reserve) + transaction fees.

4. Set the collateral amount:

   • Set your desired collateral amount. Ensure it meets the minimum required ratio of 110% of your debt.

5. Mint thUSD:

   • Enter the amount of thUSD you wish to mint based on your collateral and collateralization ratio.

   • Review the details of your vault, including the collateral amount, collateralization ratio, and minted thUSD.

   • In case of tBTC as collateral, approve tBTC expenditure.

   • Confirm, and authorize the transaction to mint thUSD.

6. Manage Your Vault:

   • Monitor your vault on app.thresholdusd.org to ensure it remains adequately collateralized. You can adjust collateral and debt position to adjust the collateralization ratio or repay thUSD as needed.