Mint & Redeem
Entire operation process
Mint RWA tokens with your tablecoin.
Go to Markets
Select your desired asset and maturity by clicking on it.
Make sure you’re on the “MINT” tab, then inter the transaction amount. Then click the "Mint" button. This will use USDC to mint an "RWA Asset NFT," representing your ownership of the RWA asset.
Approve the transaction and Mint! Check if the newly minted token is in your wallet.
Redeem RWA tokens for stablecoins.
Go to Markets and elect the RWA token you wish to redeem. In the menu bar, select "REDEEM," enter the value of the RWA asset you wish to redeem, and click the button to proceed with redemption.
In the menu bar, select "Withdraw." After administrator approval, yyou'll receive an NFT in your wallet. Once the current batch's offline redemption is confirmed, the process is complete. Then NFT can be exchanged for stablecoins. The "withdrawal" process requires 2-3 days for real-world record-keeping.
The above covers the full interaction process with Azoth. It is recommended to mint and redeem multiple times to increase interaction frequency.
Last updated