Mint LUX

Be your own bank and mint LUX.

The Mint page allow users to mint LUX from the protocol at a discount by trading it with i) liquidity (LP tokens) or ii) other assets. The former is called liquidity minting and the latter reserve minting.

The minting action create bonds which take roughly 15 epochs to vest, and LUX tokens are vested linearly to the user over that period.

Liquidity minting helps the protocol to accumulate and lock liquidity, while reserve minting allow the protocol to grow its treasury, and thus its Backing per LUX faster.