# Minting $ERN

When you have your collateral, navigate to the **Ethos Reserve Dashboard** to begin creating a position.

{% hint style="info" %}
The minimum amount that can be borrowed is 90 ERN.
{% endhint %}

<figure><img src="/files/pA15yvX5bZfx0qVyc1In" alt=""><figcaption><p>Click "Get Started" to open your first position</p></figcaption></figure>

From your dashboard, click on **Get Started** in the **Open a Position** box to open the position creation interface.

<figure><img src="/files/OSkFvrGJfGtmBY57OZLY" alt=""><figcaption></figcaption></figure>

In the **New Position** interface, select the amount of collateral you would like to deposit and the amount of ERN you’d like to borrow.

Note that the 0.5% issuance fee scales up with high volume of redemptions. This is a security feature that mitigates sybil minting and redemption attacks.

<figure><img src="/files/j94k3git0PUxWQcygxe3" alt=""><figcaption><p>Deposit digital assets like ETH to borrow $ERN.</p></figcaption></figure>

{% hint style="info" %}
The system will tell you if you’ve done anything wrong like borrowed too much or too little. See below for an example.
{% endhint %}

<figure><img src="/files/ZWqgd6rMf1uQTeVidHBa" alt=""><figcaption><p>Positions must meet all requirements to be successfully opened.</p></figcaption></figure>

When you’re satisfied with your deposit and borrow amounts, click on **Open Position** to perform the necessary transactions. Your wallet will request confirmation for each incomplete transaction.&#x20;

{% hint style="info" %}
If your transaction fails — try again! Ethos Reserve will pick up where you left off.
{% endhint %}

<figure><img src="/files/j6QYE4mEmbQoi2WLH5dc" alt=""><figcaption></figcaption></figure>

After your position has been opened, you will see it every time you open your Ethos dashboard!

<figure><img src="/files/3RNBuuhtwBQy0J4PraOA" alt=""><figcaption></figcaption></figure>

Now that you’re an official Ethos Reserve user, **it’s time to learn how to earn with your ERN**.


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