Karura Apps
  • Welcome
  • ๐Ÿ“šGetting Started
    • Wallet Setup
      • Talisman
      • Polkadot.js
      • SubWallet
    • Address Binding
    • Bringing Tokens to Karura
    • General FAQ
    • Transfer Guide
      • Parachain Transfer Guide
      • Karura Wormhole Bridge
      • Wormhole Bridge
      • Swim Swap Guide
    • Flexible Fee Guide
  • ๐Ÿช™Mint aUSD
    • Mint aUSD FAQ
    • Creating a Vault Guide
    • Managing a Vault Guide
    • Closing a Vault Guide
  • ๐Ÿ”€Karura Swap
    • Karura Swap FAQ
  • ๐ŸŒŠLiquid Staking
    • FAQ
    • Liquid Staking Guide
  • ๐ŸฅฉStake
    • KAR Staking
    • LKSM Farming
    • Earn FAQ
    • Bootstrapping
    • Adding Liquidity Guide
      • Taiga Stable Pairs
    • Withdrawing Liquidity Guide
      • Taiga Stable Pairs
  • ๐Ÿ“ˆTrading Dashboard
  • โš–๏ธStablecoin 3 Pool
  • โš ๏ธCommon App Errors
  • ๐ŸฆProtocol Wiki
Powered by GitBook
On this page
  • aUSD Stablecoin
  • Minting aUSD
  • Use Cases
  • Access Liquidity from Your Assets
  • Flexible Repayments
  • Leverage

Was this helpful?

Mint aUSD

Information about minting aUSD.

aUSD Stablecoin

The aUSD stablecoin is a decentralized, trustless, collateral-backed cryptocurrency whose value is strong-pegged to the US Dollar. By maintaining a strong-peg to the US Dollar, users are shielded from the price volatility that is common with many cryptocurrencies.

Minting aUSD

Karura Apps offers access to decentralized, non-custodial, and permissionless borrowing through Vaults on the Karura network. Users can mint (generate) the aUSD stablecoin by locking assets as collateral in a Vault. It's important that users be mindful of the risks associated with Vault usage before opening one.

Use Cases

Access Liquidity from Your Assets

Instead of selling their crypto assets, users can draw liquidity from those assets by locking them in a Vault as collateral. The aUSD that is minted (generated) from this can be used to purchase various goods and services.

Flexible Repayments

Vaults offer flexible payment terms. There are no payment schedules, required minimum payments or credit history requirements. As long as users maintain the proper collateralization ratio in their Vault, they can pay back the Vault at any time.

Leverage

Traders can draw liquidity from their crypto assets to buy more crypto assets. This is sometimes referred to as "leverage" and can be done by locking your assets in a Vault as collateral. Using leverage magnifies the risk of loss as well as the potential gains. Traders should proceed with caution when using leverage.

PreviousFlexible Fee GuideNextMint aUSD FAQ

Last updated 2 years ago

Was this helpful?

๐Ÿช™