Minting USDv

Approved entities are able to mint and redeem USDv using select assets.

1

Enter Solomon App

Go to the app

Connect your wallet

Accept the terms & conditions

2

Navigate to Mint

In the menubar select "Mint"

Mint USDv

Select the token you want to mint USDv with (USDC, USDT, or SOL)

Enter the amount of USDv to mint

Click "Mint" and receive your USDv less the mint fee (0.2%)

Use USDv

You can use USDv like any other stablecoin

You can stake USDv to receive regular rewards

Custody Process

Asset used to mint USDv are managed through an off-exchange custody solution and hedged using derivatives to maintain the peg.

Example

• A user deposits $1,000 worth of Solana into the protocol.

• The protocol mints $1,000 USDv and transfers them to the user's wallet.

• The protocol opens a long position on SOL as well as a short position on SOL futures, creating a delta-neutral position with modest yield

• The yield is paid out to holders of sUSDv (Staked USDv)

User and Protocol Flows