πͺ Minting CoUSD
Step-by-Step Guide
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Connect Your Wallet: Link your Bitcoin-compatible wallet (e.g., Xverse, UniSat, or Ledger...) to the Coffer app: https://app.coffer.network/ (opens in a new tab).
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Deposit Bitcoin: Transfer BTC into a secure 2-of-3 multi-signature vault (self-custodied way) or preferred custodian service provider (custodian way).
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Select Vault Type: Choose between a No-Liquidation Vault (fixed term) or a Liquidatable Vault (flexible, real-time collateralized).
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Set Minting Amount: Based on your BTC collateral and desired LTV, choose how much CoUSD to mint.
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Confirm & Mint: Review terms and confirm, then CoUSD is minted directly into the wallet.
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Check Balance: Check the CoUSD balance on the coffer dashboard.
Minting Fees
- A one-time minting fee is applied when CoUSD is issued.
- No ongoing interest accrues β ever.
- Repay when you're ready, reclaim your BTC.