How to mint USDRIF
This guide shows the way to mint USDRIF tokens using the platform https://dapp.rifonchain.com
Last updated
This guide shows the way to mint USDRIF tokens using the platform https://dapp.rifonchain.com
Last updated
Go to https://dapp.rifonchain.com and connect with the wallet of your preference.
The wallet will prompt you a message to sign to log in to the platform with it. Please sign it, to access the home page of the dApp.
Here you can check your assets.
To mint USDRIF go to the Exchange section.
Click RIF on the first box and USDRIF on the second to MINT RIF Dollar (USDRIF) (if you want to REDEEM select USDRIF in the first box).
Enter the amount of RIF and the system will fill the amount of USDRIF to be minted.
On the right side of the card, you can see the token's price and fee (0.20%), which you can pay with RIF or MoC tokens to get a discount. Changing the token in which you pay the fee needs an approval transaction.
Click the Exchange button. It will show you a confirmation screen, check values, and click Confirm.
Before minting the first time, you need to set the Allowance, which is the amount of funds in the wallet authorized to spend within the app. Remember you need rBTC for gas.
Click Authorize and confirm the tx.
The system will show you the transaction so you can copy the ID and that the operation is queued for execution.
You can click Close and go to the Portfolio section. After a few seconds, you will see the transaction reflected.
Take into consideration that in the Liquality wallet, you can change the NETWORK SPEED / FEE to slow or fast (it’s set to average by default). If not in a hurry you will pay a lesser fee switching to slow.
Congratulations! You have just minted your USDRIF tokens.
