Minting $ERN
Learn how to open your first position in Ethos Reserve.
Last updated
Learn how to open your first position in Ethos Reserve.
Last updated
When you have your collateral, navigate to the Ethos Reserve Dashboard to begin creating a 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.
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.
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.