Mint & Redeem
USDO can be minted with zero commissions at any time by depositing the approved stablecoins (currently BUSD) at the current rate via the website.
Users can redeem the value of their USDO at any time by depositing their USDO into our website/contract and receiving BUSD at the current rate in return. The USDO redeemed from the user will be removed from the circulating.
Redemptions will have a 0.5% fee attached.
The fees from the redemption will be used for:
- 0.1% to buy and burn MIA
- 0.1% to buy and burn ONUS
- 0.3% for the USDO Collateral (a smart contract that has collateralized stablecoins with only mint and redeem functions)