How to Start Minting
Start Minting LFi: Step-by-Step Guide - Follow a step-by-step guide to get started with LFi Minting, ensuring you can participate in this transformative ecosystem.
How to Start Minting
Proof of Coverage
To start minting LFi through the Proof of coverage you can select one of the following options:
CloudX Minting
Hardware Minting
Software Wallet Minting
Storage IPFS Minting
In order to activate the proof of coverage for minting you have to:
Get the NFT Unit. Each product will have a different max limit of unit
Get the cLFi Minting token and deposit it for each unit
Enjoy your daily bases rewards.
To get cLFi:
Buy from an exchange where cLFi is listed..
Borrow it from lenders in the cLFi Minting Utility token section. Once you borrow the cLFi you will have the option to buy the cLFi with the minting from the lender.
Once you borrow the cLFi Minting token you decide to split the LFi rewards between you and the lender. The percentage is defined by the lender during the borrowing phase.
Cloud Minting
| Product | Max Limit Unit | cLFi Minting token |
|---|---|---|
LFi Cloud Minting | 1 Unit | 125 cLFi |
Software Wallet Minting
| Product | Max Limit Unit | cLFi Minting token |
|---|---|---|
Software Wallet Minting | 1 Unit | 125 cLFi |
Proof of Stake
To mint LFi tokens through POS you have to become a validator. A guide to becoming a validator will be issued when the chain is released.
Proof of Action
To mint LFi tokens through Proof of Action you have to download the Software Wallet app. A guide will be issued when the app is released.
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