🆕Minting and Redemption

Minting

Piku facilitates a straightforward USP minting process for KYC/KYB-verified users directly through its platform. During launch, USD stables will be used to mint USP. The minting process is designed to be instantaneous and executed on-chain, with the current minting fee set at 0%.

Redemption

When redeeming USP, the amount of USP requested for redemption will be locked at a smart contract address and will be unlocked when the corresponding USD Stable is deposited. The redemption process incorporates a T0 + queue system.

Detailed how-to guide will be available here when the platform is launched.