aUSD Minting (Deposit)

Supported Assets

Users can mint aUSD with one click by depositing the following assets:

• USDT

• USDC

• USD1

• BTC (as WBTC)

• ETH (as WETH)

• SUI

Minting Principle

• When a user deposits supported assets, the system records the token quantity and the USD value at the moment of deposit.

• Value is fixed at the time of deposit and unaffected by future price changes.

• For non-stablecoin assets (such as wBTC, wETH, SUI), the protocol automatically hedges the exposure, ensuring the system does not suffer losses due to price volatility.

Example

• When the market price of SUI is 100 USD per token, a user deposits 100 SUI.

• The recorded deposit value is 10,000 USD, and the user receives 10,000 aUSD.

• Later, when the user redeems, regardless of whether SUI has risen or fallen, the redemption will be based on the initial locked value.

For instance:

• If SUI rises to 200 USD per token, the user will redeem approximately 50 SUI (minus redemption fees).

• Thus, the user’s redemption value remains equivalent to the original deposit (10,000 USD).

This mechanism ensures aUSD stability while insulating the system from asset price fluctuations.

---