Mint
Last updated
Last updated
Minting USK allows users to A. take advantage of price arbitrage if USK is worth more than a dollar by converting it to other assets and slowly unwinding positions, B. use preferred backing assets of choice to enter a leveraged bet, C. use preferred backing assets in combination with money markets to perform delta neutral leveraged bets, D. use USK in markets to buy liquidated collateral at a discount, E. use USK to provide liquidity in and obtain rewards from trading activity and incentives, or F. borrow against owned assets to raise capital without needing to liquidate them to preserve upside.
When minting USK positions using multiple types of collateral, each backing collateral asset reflects a distinct USK mint position with its own loan-to-value or risk ratio. Read more about minting USK. And read more about USK's mechanics.
