Mint / Redeem
Direct minting and redemption of muBOND is available to approved counterparties that have cleared Mu Digital's KYC procedures. Interested parties can reach out here (link to be inserted)
muBOND is also available for swap permissionlessly onchain through our DEX partners and we intend to increase onchain liquidity over time
Minting
Users can mint muBOND using USDC or USDT at the most recent published NAV
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
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