Burn
An explanation for burning.
Last updated
An explanation for burning.
Last updated
Receive back the DAI that was used as collateral by burning Archi Dollar.
A fee is required to burn Archi Dollars. It is subject to change by Governance. The current fee for burning Archi Dollar is 1%.
The DAI received after burning Archi Dollars excludes the fees. For example, if 1 ARCH is burned, 0.99 DAI is returned (1 DAI as collateral - 0.01 DAI as a fee).
A wallet must first be connected in order to use Cripto Archi Finance services.
Input amount once you have connected your wallet. Click the “Maximum” button to burn all Archi Dollars.
Click the "Approve ARCD Spending Limit" button to approve your spending limit.
Click the "Burn" button.
