Opening Collateral Vaults and Minting thUSD
Steps to Open Collateral Vaults and Mint thUSD
Access the thUSD App Interface:
Navigate to app.thresholdusd.org and connect your preferred wallet on BOB Network.
Open a New Vault:
Go to the โBorrowโ menu, choose tBTC or ETH as your collateral, and select "Open a Vault".
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.
Set the collateral amount:
Set your desired collateral amount. Ensure it meets the minimum required ratio of 110% of your debt.
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.
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.
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