Mint and redeem through isolated vaults
Each supported currency has its own vault, collateral rules, price inputs, and capacity limits. The pilot does not use a shared cross-chain router.
Mint path
- Choose AUD or NZD. The user selects a currently configured pilot market.
- Request an indicative quote. The app reads the versioned API and shows the market, side, amount, and disclosed fee inputs.
- Check protocol state. Execution is allowed only when the deployment registry, oracle health, capacity, wallet network, and pause state are valid.
- Deposit approved collateral. The user supplies USDC to the market's isolated vault.
- Mint the synthetic balance. The protocol applies the verified FX price and configured spread.
Redeem path
The user returns a synthetic AUD or NZD balance to its vault. The protocol verifies the same safety conditions, burns the liability, and releases the available USDC collateral at the applicable price and fee. Under an extreme shortfall, the documented insolvency policy can make redemptions pro-rata.
Where yield and fees go
Approved strategy yield and mint or redeem fees increase vault collateral after costs. They are not guaranteed returns. The pilot's allowlisted strategy and capacity limits are deployment-specific and must be confirmed in the deployment registry.
Continue with the risk model or inspect the swap surface.