Minting & Redeeming
Phase 1 - LIVE
Mint NUSD: deposit USDe/USDT to Bamk.fi and receive the equivalent amount in NUSD
Redeem NUSD: deposit NUSD to Bamk.fi and receive the equivalent amount in USDe
Phase 2 - In progress
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
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.
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