Minting & Redeeming

Bamk.fi will open minting and redemptions for all onchain users.

• Mint NUSD: deposit sUSDe to Bamk.fi and receive the equivalent amount in NUSD

• Redeem NUSD: deposit NUSD to Bamk.fi and receive the equivalent amount in sUSDe

By reducing the barriers to minting and redeeming we open up opportunities for traders to arbitrage the peg, improving onchain liquidity for everyone.

Phase 2

• Mint NUSD: deposit BTC to Bamk.fi and receive the equivalent amount in NUSD

• Redeem NUSD: deposit NUSD to Bamk.fi and receive the equivalent amount in BTC

Phase 2 minting and redemptions will also introduce variable incentives depending on whether the funding rate is positive or negative. See Negative Funding Rate Mitigation.