Mint
An explanation for minting.
Archi Dollar (ARCD) is minted at a 1:1 ratio with Dai (DAI) as collateral.
A fee is required to mint Archi Dollars. It is subject to change by Governance. The current fee for minting Archi Dollar is 1%.
The DAI required when minting Archi Dollars includes the fees. For example, if 1 ARCH is minted, 1.01 DAI is required (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 Mint Amount
Input amount once you have connected your wallet. Click the “Maximum” button to mint Archi Dollars with all the DAI you own as collateral.
Approve Spending Limits
Approval of token transfer (Service)Click the "Approve DAI Spending Limit" button to approve your spending limit.
Dollars
Click the "Mint" button when the transaction for the DAI spending limit approval is processed.
The amount of Archi Dollars minted is displayed on the main page of My assets or Metamask assets when the transactions are successfully processed.
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