Minting & Redeeming

Phase 1 - LIVE

• Mint NUSD: deposit USDe/USDT to Bamk.fi and receive the equivalent amount in NUSD

  • https://app.bamk.fi/swap/mint

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

  • https://app.bamk.fi/swap/redeem

Phase 2 - In progress

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

  • https://app.bamk.fi/swap/buy

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

  • Coming soon

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.