Mint Fee

The fee a user pays to convert reserve assets into bonded tokens is called the mint fee.

Lower Mint Fee Creates a smaller band for the PIM, which allows the arb agent to interfere with Secondary market swings more frequently, thus increasing arbitrage profits, but changes supply and reserves more often.

Higher Mint Fee

Creates a bigger band of bid and ask for the PIM, which leaves more volatility space for the secondary market with less arbitrage and supply changes.

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