Minting USDM
Opening A Trove
Minting USDM is a quick and simple process and allows investors to benefit from interest free borrowing secured against their ETH collateral.
Click on Open Trove
Start by entering the amount of ETH you'd like to deposit as collateral and then enter the amount of USDM you would like to mint. Note that:
A trove must have a minimum debt of 180 USDM
Under normal circumstances the minimum collateral ratio must be 110%
If the system is in recovery mode then the minimum collateral ratio to open a trove will be 150%
Troves cannot be opened if they push the total protocol collateral ratio below 150%
More information about borrowing with Meridian can be found here
Last updated
