Mint and Redeem USP at the Contract Level

Funding Manager Contract handles buy and sell functions. In order to mint&redeem on contract level, you need to first complete the KYC process from piku.co

The Funding Manager is the core smart contract responsible for managing USP minting and redemption flows. It enables direct interaction with the protocol at the contract level, primarily intended for larger or institutional-sized operations.

The Funding Manager handles token minting and redemption based on oracle price feeds. While minting is processed instantly, redemption requests are queued for delayed execution to ensure orderly liquidation of underlying strategy assets.

Funding Manager Contract Address: 0x7e0305B212dF3FB56366251C054c07748Bf9a797

When interacting directly via the contract address, make sure to select “Write as Proxy” to execute minting and redeeming transactions correctly through the Funding Manager.

Minting (Buy)

For USP, minting is executed at the Funding Manager contract level via the buy function. Minting is processed instantly, with collateral deposited directly into the protocol’s backing strategies.

Function: buy (0xd6febde8) Buys USP tokens for the sender’s address by forwarding the call to the internal buyOrder function.

Parameters:

• collateralAmount_ (uint256) – Amount of collateral deposited (USDC)

• minAmountOut_ (uint256) – Minimum USP amount expected (slippage protection)

Redemption (Sell)

For USP, redemptions are executed at the Funding Manager contract level via the sell function. Unlike minting, redemptions are processed through a delayed queue to allow orderly liquidation of underlying strategy assets.

Function: sell (0xd79875eb) Redeems collateral for the sender’s address by forwarding the call to the internal sellOrder function.

Parameters:

• depositAmount_ (uint256) – Amount to redeem

• minAmountOut_ (uint256) – Minimum output amount (slippage protection)