Interacting with Mines

Wrapping Mines

Wrapping involves minting new mine tokens (xMINER) by depositing collateral to invest in the mine. During wrapping, the mine is instantly rebalanced with the provided collateral, ensuring it remains fully collateralized at all times while mine tokens are issued to the user's wallet. For guidance on wrapping an asset, refer to How to Wrap.

Unwrapping Mines

Redeeming entails the removal of mine tokens (xMINER) from circulation and the corresponding withdrawal of collateral backing the mine. Any holder of mine tokens can redeem at any time or opt to exchange their mine holdings in any liquid market where mine tokens are traded. For instructions on redeeming/unwrapping an asset, refer to How to Unwrap.

Liquidity Provision & Earning Rewards

Liquidity provision (LP) involves contributing liquidity to the incentivized mine's pool, maintaining a 1:1 ratio of xMINER and the specified pairing asset. Liquidity providers can stake their LP position to earn a share of the fees generated by the mine. The exact share of fees received by LPs is determined by the mine creator at launch and can be reviewed on our website when viewing a mine.