Dopple DeFi Ecosystem

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KUSD (Kelly USD)

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Minting

At the moment of minting, the minter is required to provide the collateral to meet the **Minimum Initial Margin. **The current Minimum Initial Margin is at **150%**, which is subject to change with prior notice**. **The *margin level* is calculated using the following formula:

$(Collateral\space Value \times 100) / Oracle \space Price$

There is a minting fee of **0.1%** of the collateral value.

Example

Alice wants to mint an asset called dXXX. At the time, the Oracle price is $100 per dXXX. In order to mint, Alice needs to provide at least $150 worth of $DOLLY to mint 1 token of dXXX.

Alice decides to mint with $150 worth of $DOLLY. Therefore, the *margin level* of her mint position is at

$(150 \times 100) / 100 = 150\%$

When the Oracle price of dXXX rises to $120, her mint position will have a *margin level* of

$(150 \times 100) / 120 = 125\%$

If this *margin level *falls below the **Maintenance Margin**, then the mint position is subject to **Liquidation****.**

Last modified 9mo ago

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