Creating a Vault Guide

User guide for opening a Vault to mint the aUSD stablecoin.

Video:

🚨Opening a Vault comes with certain risks. Learn more here🚨

1) Connect to apps.karura.network and select Mint aUSD. Click Create a Vault.

2) Select your collateral type and click Next.

3) Enter the amount you’d like to deposit as collateral as well as the amount of aUSD you’d like to mint. Click Next.

4) Review the information on the screen and make sure you are comfortable with the terms.

🚨 Note the Current Price and Liquidation Price: If the Current Price falls to or below the Liquidation Price, your Vault will be liquidated and subject to the Liquidation Fee. Your collateral will be sold for aUSD until the aUSD balance and Liquidation Fee are paid.

🚨 Note the Stability Fee: The Stability Fee is a variable rate that is subject to change. You are encouraged to stay up-to-date with the latest Stability Fee rates.

Click Confirm and sign the transaction.