Orange Dollar

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Minting OD ​

Minting OD means depositing WBTC into the reserve and receiving OD stablecoins in return.

How It Works ​

  1. You specify how much WBTC to deposit
  2. The app calculates how much OD you'll receive at the current TWAP price, minus the 1.5% fee
  3. You approve the transaction in OPWallet
  4. The reserve takes your WBTC and sends you OD

Step by Step ​

  1. Open the OD app and connect your wallet
  2. Select OD in the token selector
  3. Select Mint as the action
  4. Enter the WBTC amount you want to deposit
  5. Review the estimated OD output and fee breakdown
  6. Click Execute and approve in OPWallet
  7. Wait for the transaction to confirm

Example ​

If WBTC is trading at $100,000 and you deposit 0.01 WBTC ($100):

Amount
WBTC deposited0.01 ($100.00)
Fee (1.5%)$1.50
OD received~98.50 OD

When Minting Is Blocked ​

OD minting is blocked when the reserve ratio would drop below 400%. This protects the system from becoming undercollateralised. If minting is blocked, wait for more WBTC to enter the reserve (via ORC minting) or for the BTC price to rise.