Minting
Last updated
Last updated
The allows users to mint SGT from the protocol at a discount by trading it with i) liquidity (LP tokens) or ii) USDT. The former is called liquidity minting and the latter reserve minting. The minting action creates bonds that take roughly 5 days to vest, and SGT tokens are vested linearly to the user over that period. Liquidity minting helps the protocol to accumulate and lock liquidity, while reserve minting allows the protocol to grow its treasury, and thus the Backing per SGTfaster. Squid God Finance offers currently different types of assets that can be used to mint SGT on its website:
USDT
Select the amount that you would like to mint. Make sure you are not trying to mint more than is allowed. The Max You Can Buy field below shows the maximum amount of SGT you can purchase.
The Settings menu will show up. At the Recipient Address field, you can specify a different address that will receive the vested SGT. By default, it is filled with your current address.
You can also modify the Slippage field to increase or decrease the likelihood of your order getting through. A higher slippage increases that likelihood, but you may get a more undesirable fill price.
Close the Settings menu by clicking the cross icon.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Mint" and sign the transaction.
Notes:
The "Approve" transaction is only needed when minting for the first time; subsequent minting only requires you to perform the "mint" transaction.
When using Settings, do not alter the mint amount after you have closed the Settings menu, as it will reset the recipient address.
Use the Claim and Autostake button to have all the available SGT sent automatically to the staking contract and receive the GAME as a receipt for your stake.
MINT Price is the price of SGT you get from minting.
SGT Price is the market price of SGT.
Your Balance is your balance of the tokens used to mint.
You Will Get tells you how many SGT tokens you will get from minting.
Max You can Buy is the maximum amount of SGT available to be bought.
Debt Ratio measures the total amount of SGT created from mints that have yet to be paid out by the protocol.
Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
Minimum Purchase: Minimum amount of SGT that can be minted
Time Until fully vested time until the SGT minted will be fully redeemable
Pending Rewards is the amount of SGT you are entitled to receive from minting.
Claimable Rewards is the amount of SGT that you can claim now. This amount keeps increasing as SGT is vested to you over the vesting period.
ROI is the Return On Investment
Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days.
Go to and select the assets you want to use to mint SGT.
Go to the and select the bond type you have purchased. Select the "Redeem" tab. Use the claim button to claim all of your available rewards, and have the pending SGT sent to your wallet.
