How to Start Minting
To start mint 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:
- 1.Get the NFT Unit. Each product will have a different max limit of unit
- 2.Get the cLFi collateral and deposit it for each unit
- 3.Enjoy your daily bases rewards.
- Buy from an exchange where LFi is listed.
- Buy it from the market, if it is available, at the price of 1 USD.
- Borrow it from lenders in the collateral 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 collateral you decide to split the LFi rewards between you and the lender. The percentage is defined by the lender during the borrowing phase.
Product | Max Limit Unit | Collateral |
|---|---|---|
LFI Cloud Minting | 1 Unit | 125 cLFI |
Product | Max Limit Unit | Collateral |
|---|---|---|
Software Wallet Minting | 1 Unit | 125 cLFI |
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.
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.
Last modified 4d ago