OpenDao Protocol New USDO Minting Asset With RoseonFinance
OpenDAO’s Stablecoin Minter is a powerful DeFi tool that allows you to unlock the value inherent in a variety of assets while earning more of those same assets in the process.
Stake ROSN in the vaults to mint USDO → Supply USDO alongside ROSN at a high native APY → Lend USDO to earn → Repay to unlock collateral. EASY!
Go to https://mint.opendao.io/
⚈ NOTE KEY DETAILS:
{2} Quick Links: Takes you to buy, add liquidity, and staking sites for the selected asset — — — — — –
{3} Your Info: Very important information about your position and assets — — — — — — — — — —
{4} Stablecoin Module: Stake, Mint, and Lend! This is where the action happens. See more below.
[STEP 2] Select ROSN
⚈ Need some ROSN? Buy here!
[STEP 3] Stake Asset
⚈ Click “Approve” and confirm in your wallet.
NOTE: For first time stakers, there will be TWO Metamask transactions — one to stake and another to enable collateral
⚈ Enter the amount you’d like to stake, or click the “% or MAX” buttons
⚈ Click “SUBMIT”
⚈ Your collateral is staked, and you can now start minting
[STEP 4] Mint USDO
⚈ Choose the top center tab — “Mint USDO”
⚈ The “Mint” subtab should be automatically selected
⚈ Click “APPROVE” — Confirm in walle
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ NEW squeaky clean USDO! Cha-ching!
With your newly minted USDO, you can supply liquidity to various LPs to earn trade fees. Once you’re an LP, stake in the auto-compounding farms to earn more.
INSTRUCTIONS BELOW!
NOTE: DO NOT exceed your “Mint Limit” + Remember that changing market prices may affect your limit too! DeFi wisely!
[STEP 5] Add USDO + ROSN to a Liquidity Pool
This is how we get more of your favorite asset!
Let’s start by adding $ROSN and $USDO to the Liquidity Pool.
⚈ Follow this link here to PancakeSwap or…
⚈ Click the “ADD ROSN-USDO LP” button on the site.
⚈ You will now being earning fees whenever anyone uses the pool to go back and forth between ROSN and USDO! But don’t stop here!
[STEP 6] Auto-compound LP Tokens for a High APY
⚈ Follow this link here to the partner Omni Consumer Protocols, or…
⚈ Click the “STAKE ROSN-USDO LP FOR XXX% APY” button on the site.
⚈ Approve and Confirm in Wallet
⚈ Deposit All!
Your USDO and ROSN LP position is now auto-compounding, earning more of itself and reinvesting itself every 24 hours!
[STEP 7] Lend USDO
This is a great option for those who want to put some stable coins to work! Probably after having been active in the pools for a while, or during a bear market!
⚈ Choose the top right tab — “Lend USDO”
⚈ The “Lend” subtab should be automatically selected
⚈ Enter the quantity
⚈ Click “SUBMIT” — Confirm in wallet
⚈ Start to EARN!
About USDO
About Roseon Finance
About OpenDAO
Source:
https://medium.com/opendao/mint-usdo-stablecoin-with-rosn-how-to-3fd6b118d00
