OctoLSD
  • 📖overview
    • Background
    • OctoLSD
  • 🏳️‍🌈project introduction
    • Aggregation
    • Distribution
      • $LSDD
        • Minting
        • Redemption
        • Liquidation
        • Pegging mechanism
    • $Octo War
    • Tokenomics
    • Genesis Farm
    • Public sale
    • Contracts
    • Audits
  • 🛣️Future
    • Roadmap
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  2. Distribution
  3. $LSDD

Minting

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Last updated 1 year ago

Minting

Collateral rate

Collateral rate is the ratio between the dollar value of your collateral in the LSDD Protocol and your loans in $LSDD.

Collateral rate = (deposited LSD/ETH * LSD/ETH's price) / (minted $LSDD * $LSD's price)

  • Safe collateral rate = 160%

    • The collateral rate should be above the safe collateral rate while minting.

  • Minimum collateral rate (MCR) = 150%

    • It is the lowest ratio of loan to collateral that will not trigger a liquidation under normal operations

  • Recommended collateral rate = 200%

    • To keep your funds safe and avoid getting liquidated, a collateral rate higher than 200% is recommended.

Repayment

Repayment is the process corresponding to minting. As long as minters maintain a collateral ratio above MCR, they can repay the $LSDD debt at any time, and then withdraw the ETH collateral.

In addition, there is no fee for repayment and no specified repayment period for debt.

🏳️‍🌈
  • Minting
  • Collateral rate
  • Repayment