Burn

An explanation for burning.

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).

Connect Wallet

A wallet must first be connected in order to use Cripto Archi Finance services.

Connect Wallet (Sevice)

Input Burn Amount

Input amount once you have connected your wallet. Click the “Maximum” button to burn all Archi Dollars.

Approve Spending Limits

Click the "Approve ARCD Spending Limit" button to approve your spending limit.

Approval of token transfer (Service)

Burn

Click the "Burn" button.