Liqee

How to mint stablecoin (over-collateralized loan)

1.Navigate to Liqee (app.liqee.io) and connect to your wallet (Here we take Kovan testnet as example). Orange cards in “My assets” represent assets that you have supplied as collateral. Click “Lend” in the side bar.

2.Select the synthetic asset you would like to mint in “Mint Assets”. Here we take USX as example).

3.Fill in or select the proportion below to enter the amount of asset you would like to mint, then click “MINT”. Confirm the transaction in your wallet.

Note: We strongly recommend that your mintage should not be to close to the SAFE MAX, so as to better resist market risks and ensure the safety of collaterals.

4.You can find the asset you have minted on My Assets after succeeded, and Adequacy Ratio changes.

Note: Please always keep Adequacy Ratio above 1. When Adequacy Ratio lower than 1, the borrower is in a situation of insolvency and facing the risk of liquidation if collateral is not replenished in time to bring Adequacy Ratio back to 1 or above.