PSY
  • 💯PSY 101
  • 🪙Stablecoin
    • Borrowing
    • Stability Pool and Liquidations
    • Price Stability and Safety
    • Recovery Mode
  • 🌊ve(3,3)
    • ve(3,3) for PSY
    • PSY Token Utilities
    • Tokenomics and Emissions
  • ❔FAQ
    • FAQ
  • 📚Guides
    • User Guide
      • ⛓️Launch Dapp & Connect Wallet
      • 🔰Open Trove（Mint $SLSD）
      • ⛱️Adjust Trove（Repay $SLSD）
      • 🔧Use $SLSD
      • ✂️Liquidate Trove
  • ❤️About PSY protocol
    • Audits
    • Deployed Contracts
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  2. User Guide

Open Trove（Mint $SLSD）

PreviousLaunch Dapp & Connect WalletNextAdjust Trove（Repay $SLSD）

Last updated 1 year ago

  • Click Dashboard in the header.

  • Choose Borrow in the page.

  • Enter Collateral and Net Debt you want to borrow. After that, the system will calculate your Liquidation price.

  • In the next step, select Approve and Open Trove.

You must borrow at least 2,000 $SLSD.

You are not allowed to open a Trove with a Collateral Ratio lower than 110%. In recovery mode, a Collateral Ratio of 150% is required.

  • You can check your position on Dashboard page.

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