This guide provides a step-by-step process for minting E-USD, the native stablecoin of the Extended Finance Protocol Official ecosystem, by using an Extended Collateralized Debt Position (E-CDP). This is a core function for interacting with the Extended Perpetual DEX.
Step 1: Access the Official dApp
To begin, navigate to the official Extended Finance Protocol platform. Ensure the URL is correct to avoid phishing attacks. This hub is your entry point for all protocol functions.
Step 2: Understanding the E-CDP Mechanism
The Extended E-CDP guide outlines a system where users can lock volatile assets (like ETH or WBTC) as collateral to mint E-USD. This is a debt position; you are borrowing E-USD against your assets. The health of your position is determined by the Loan-to-Value (LTV) ratio.
Step 3: Creating Your E-CDP and Minting E-USD
Connect your wallet to the platform.
Select the "Create E-CDP" option.
Choose your desired collateral type and the amount you wish to deposit.
Specify how to mint E-USD by entering the amount you want to borrow. Be mindful of the initial LTV to avoid immediate liquidation risk.
Sign the transaction to lock your collateral and mint E-USD to your wallet.
The entire process is secured by the Extended Node Operator network, which ensures reliable price feeds for collateral valuation.
Step 4: Utilizing Your E-USD
Once minted, E-USD can be used across the ecosystem. You can trade with leverage on the Extended Perpetual DEX, provide liquidity for Extended Cross-Chain Synthetics, or participate in yield-generating strategies. For a full overview of the architecture and risks, consult the Full Official Documentation.
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