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OpenEden Documentation
OpenEden Documentation
  • đź‘‹Welcome To OpenEden
  • 🔵TBILL
    • Introduction
    • Product Structuring
    • Investor Onboarding
    • Subscriptions
    • Redemptions
    • Fees
    • Token Price
    • Risks
    • Trust & Transparency
    • Smart Contract Addresses
    • On-chain Governance & Controls (I)
    • Off-chain Governance & Controls (II)
    • FAQ
    • Legal
      • User Agreement
      • AML/CFT Policy
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
  • 🟣USDO
    • Introduction
      • Product Structuring
      • Bankruptcy Remoteness
      • USDO Reserves
      • Eligibility
        • Prohibited Jurisdictions
        • Onboarding Steps
      • Service Providers
    • USDO Token
      • Minting Workflow
      • Redemption Workflow
      • Cut-Off Time
      • Bonus Multiplier
      • Fees
      • Reserve Assets
    • cUSDO Token
    • Collateralization Ratio
    • Transparency
    • Risks
      • Smart Contract Risk
    • FAQs
    • Developers
      • Integration Guide
      • Contracts
    • Legal
      • User Agreement
      • Cookie Policy
      • Electronic Signature Policy
      • Privacy Policy
    • Guides
      • USDO Instant Mint via Etherscan
      • USDO Redemption via Etherscan
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  • General Mint
  • Instant Mint
  1. USDO
  2. USDO Token

Minting Workflow

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Last updated 3 months ago

General Mint

Process Overview

The general USDO minting process is as follows:

  1. Revalidate all mint requests to ensure they are valid (perform KYT and double-check the whitelist off-chain).

  2. Collateralize its reserves with tokenized RWA assets.

  3. Mint the equivalent amount of USDO and send it to the client.

Instant Mint

The Instant Minting Feature allows authorized clients to mint USDO tokens in a single, atomic transaction using either USDC or TBILL tokens as collateral. All Investors will have to be granted instantMint access on-chain after clearing KYC/KYT checks with OpenEden’s(“OED”) onboarding team. This feature is designed for efficiency and security, ensuring a seamless experience for clients who meet OpenEden’s compliance requirements.

Accepted Collaterals

  • USDC (1:1 minting ratio)

  • TBILL tokens (minting based on the TBILL exchange rate at the time of request)

Process Overview

  1. An authorized user initiates the instant mint function, selecting either USDC or TBILL as collateral.

  2. The smart contract calculates the equivalent amount of USDO to be minted:

    • USDC: Minted at a 1:1 ratio.

    • TBILL: Minted based on the prevailing TBILL exchange rate.

  3. The liquidity manager instantly mints and transfers the USDO tokens to the authorized client’s wallet.

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