Mint

Users can mint(borrow) KCD by providing their cryptocurrency as collateral to Kurrency. KCD can be minted up to certain percentage of collateral value, also known as LTV(Loan-to-Value), and users can mint any number of KCD within that range. Due to price volatility of each cryptocurrency, each collateral type has different LTV.

All provided collateral assets are managed through blockchain smart contracts; thus cannot be intervened or influenced from outside the contract. Revenue generated from the management of collateral assets is provided to KCD Depositors as interest, or reduce Stability Fee of KCD minters.