Minting and Redemption

In the BitUSD project, users can mint btcUSD tokens without any minting fees or borrowing fees, making it a cost-effective option for users. However, when users decide to redeem their btcUSD tokens, a one-time redemption fee of 2% is charged. While this fee is relatively low, it is designed to incentivize users to hold their btcUSD tokens for longer periods.

Users can take advantage of the flexibility and convenience of btcUSD by utilizing it in various decentralized exchanges (DEX) and applications. This compatibility with DEXs and applications allows users to easily exchange their assets and take advantage of various DeFi opportunities.

In addition to DEXs and applications, users can also exchange their assets in the BTCB/btcUSD and USDT/btcUSD liquidity pools. These liquidity pools provide users with an additional avenue to exchange their assets, further enhancing the flexibility and convenience of our stablecoin.

The BitUSD project offers a cost-effective and user-friendly minting and redemption process, with no minting fees or borrowing fees and a low redemption fee. The compatibility with DEXs and applications and the availability of liquidity pools further enhance the flexibility and convenience of our stablecoin, making it an attractive option for users seeking a secure and stable store of value in the decentralized finance space.