Mint / Redeem

Direct minting and redemption of AZND is available to approved counterparties that have cleared Mu Digital's KYC procedures. Interested parties can reach out here (link to be inserted)

AZND is also available for swap permissionlessly onchain through our DEX partners and we intend to increase onchain liquidity over time

Minting

• Users can mint AZND using USDC or USDT on a 1-1 basis

• Minting can be processed almost instantaneously and sent to the user's wallet upon transfer of the relevant stablecoins

• There is no fee for minting

Redemption

• Redemption requests by default enter a redemption queue

• Our fund partner relies on a weekly liquidity schedule, with redemptions processed by Tuesday for settlement the following week. In practice, expect ~7 calendar days between redemption and receipt of funds

• Amounts below a certain threshold may be processed immediately subject to availability in our onchain liquidity buffer. We intend to scale this threshold over time alongside our TVL

• There is no fee for redemption