> For the complete documentation index, see [llms.txt](https://docs.ethos.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ethos.finance/how-to-use-ethos-reserve/minting-usdern.md).
# Minting $ERN
Learn how to open your first position in Ethos Reserve.
When you have your collateral, navigate to the **Ethos Reserve Dashboard** to begin creating a position.
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The minimum amount that can be borrowed is 90 ERN.
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Click "Get Started" to open your first position
From your dashboard, click on **Get Started** in the **Open a Position** box to open the position creation interface.
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.
Deposit digital assets like ETH to borrow $ERN.
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The system will tell you if you’ve done anything wrong like borrowed too much or too little. See below for an example.
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Positions must meet all requirements to be successfully opened.
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.
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If your transaction fails — try again! Ethos Reserve will pick up where you left off.
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After your position has been opened, you will see it every time you open your Ethos dashboard!
Now that you’re an official Ethos Reserve user, **it’s time to learn how to earn with your ERN**.
