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Minting & Redeem

Minting​

  • Only CDP Owner
                    MAX LTV: L%
+------------+          LTV: x%      +------------+
|    FIL     |-----------+---------->|    FOX     |
+------------+           |           +------------+
   Collateral            |              Stablecoin
                         |
+------------+           |
|    FOXS    |-----------+
+------------+   
       Shares
  1. Approve WETH to FoxFarm.
  2. Approve FOXS to FoxFarm.
  3. Execute openAndDepositAndBorrow() in FoxFarm.

Redeeming​

  • Only CDP Owner
                    MAX LTV: L%
+------------+          LTV: x%      +------------+
|    FIL     |<----------+-----------|    FOX     |
+------------+           |           +------------+
   Collateral            |              Stablecoin
                         |
+------------+           |
|    FOXS    |<----------+
+------------+   
       Shares
  1. Approve FOX to FoxFarm.
  2. Execute repayAndWithdraw() in FoxFarm.