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Euler Protocol

Euler Governance

Mint

Learn how to mint assets on Euler for self-collateralised positions

Mint is a unique function on Euler that enables users to simulate a recursive borrowing strategy. Mint creates equal amounts of deposits and debts for the same asset. It is often the starting point for creating a leveraged long/short position or used for liquidity mining (when lending/borrowing on a particular market is incentivised).

A user first does a

`Deposit`

of $1000 of USDC. They then `Mint`

$5000 USDC. Their account now has a total of $6000 USDC deposits, and $5000 USDC debts. This gives them a leveraged position, since they hold more debt than their initial deposit would allow for.The

`Mint`

function mimics what would happen if a user deposited $1000 USDC, then borrowed $900 USDC, then redeposited that $900 USDC, to borrow $810 more USDC, and so on. - 1.Ensure that you have sufficient collateral in the sub-account you are minting to.
- 2.Select the Euler sub-account that you want to mint from.
- 3.Select the asset you are interested in.
- 4.Enter the amount you wish to have upon completion.
`Max`

here is representative of 19x leverage (right on the edge of a liquidation), and hence we do not recommend you mint more than safe max.- Select
`Safe Max`

to mint enough deposits and debt such that your Euler sub-account will result in having a leverage of 15x. - Select 0 or the Burn button to burn a previously minted position (burn removes an equal amount of deposits and debts from an account).
- While entering the amount, observe the Multiplier and Time to Liquidation to make a decision.

Last modified 1mo ago

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