Minting Synthetic Assets (SuTokens)

Which SuTokens are currently supported 
At launch, SuETH, suUSD and suBTC will be supported
What are homogeneous and Heterogeneous groups that determine the mint limit for assets? 
Homogeneous Group – Assets that represent same underlying risk profile, liquidity and value 
USD - USDC, USDT, BUSD
ETH - ETH, BETH (BSC), WETH 
BTC - WBTC, RenBTC 
Heterogeneous Group – Assets that do not represent the same underlying value 
USDC ≠ ETH ≠ BTC
What is Intra SuLTV?
Loan to Value available to mint SuTokens from deposited assets within the same homogeneous group (USDC to SuUSD) 
They have the maximum LTV available within the protocol
What is Intra LTV?
Loan to Value available to borrow native assets from either deposited native assets or deposited SuTokens within the same homogeneous group (USDC to USDT or SuUSD to USDT) 
They have the lower LTV than Intra SuLTV within the protocol
What is Inter LTV?
Loan to Value available to mint SuTokens or borrow native assets from deposited assets across a different heterogeneous group (USDC to SuETH or USDC to WBTC) 
They have the lowest LTV available within the protocol
How is mint limit determined when multiple assets are deposited as collateral 
Homogeneous assets are given priority over heterogeneous groups for determining the mint limit when multiple assets are deposited as collateral
What is the cost incurred to mint SuTokens 
At launch, there is no cost to mint SuTokens apart from the loss in any capital efficiency due to the LTV available. In the case of Intra SuLTV mints with LTV close to 1, there is a marginal loss in capital efficiency. 
The protocol has a design incorporated for SuToken exit fee and SuToken mint interest. Both the values are ‘0’ at launch

Last modified 1yr ago