Ring Protocol User Guide: Mint RUSD

Ring Protocol Mint UI

Mint RUSD

Users can start mint RUSD by depositing DAI / USDC / USDT assets via Ring App (https://ring.exchange). Any deposit goes to Ring Protocol’s bonding curve for price discovery, and at the same time, the protocol will increase the liquidity depth of the corresponding stable pool on Uniswap V3.

Steps for minting RUSD

Step 1: Acquire one of DAI, USDC, or USDT.

Swap any assets to USDT/USDC/DAI if you don't have it yet
Approve Ring Protocol to spend the USDT
  1. Click Mint
  2. Confirm the amount of RUSD to receive
  3. Confirm to Mint, then issue the transaction to the wallet (e.g. Metamask)
Mint RUSD
Save RUSD to Metamask for convenience

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