> For the complete documentation index, see [llms.txt](https://docs.ichi.org/legacy/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ichi.org/legacy/developers/dma/minting.md).

# Minting

Mint stablecoins for exactly $1 of value per stablecoin by sending project tokens and USDC.

oneTokens are minted by you with your non-hosted Ethereum wallet through the DMA.  There is no issuing entity, bank, or any other counterparty.  You pay exactly $1 of value in two parts to mint a oneToken:

1. A USD hard pegged stablecoin deposited to the oneToken's [Collateral Reserve](/legacy/developers/dma/collateral-reserve.md)
2. The oneToken's native project tokens (ie, wBTC) which is deposited to a [Community Treasury](/legacy/developers/dma/community-treasury.md)

A **minting ratio** specifies how much USD hard pegged stablecoin and how much of the oneToken's cryptocurrency you pay to mint a oneToken.  For example, you pay $0.90 USDC and $0.10 wBTC to mint oneBTC (the stablecoin for Bitcoin) at a 90% minting ratio.

## Follow these steps to mint ICHI stablecoins

1.Head over to <https://app.ichi.org/>

2\. Connect your Ethereum Wallet by clicking the "Connect Wallet" button on the top right of the page.  If you are new to Ethereum, go here to learn about Ethereum wallets: <https://ethereum.org/en/wallets/>

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MiHWLbqVgzGAYGQBIix%2F-MiHXvhYsTfqY8VKTyvC%2Fimage.png?alt=media\&token=d5aaa4ca-be0f-402d-9e13-7031ec5c6bbe)

3\. Once your wallet is connected, click the "Mint" button on the left-hand side of the page

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MiHWLbqVgzGAYGQBIix%2F-MiHYOD0jUGqQv1nH-2z%2Fimage.png?alt=media\&token=a4fd5fcf-4117-43bd-835e-3dd275344d29)

4\. Once on the Mint page, make sure the "Mint" tab is selected

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWbQvhDiKKwoKq4_Z3%2F-MeWfJgiLsuiVlTQ10gF%2FScreen%20Shot%202021-07-13%20at%202.01.29%20PM.png?alt=media\&token=0c0fa186-08d1-4076-9a2e-0b02f9bc5988)

4\. Select a stablecoin to mint

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWbQvhDiKKwoKq4_Z3%2F-MeWfml1B-zzk-0hthiR%2FScreen%20Shot%202021-07-13%20at%202.03.59%20PM.png?alt=media\&token=4b60da84-2c38-41b3-86ec-caef813abfee)

5\. Enter an amount to mint.

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWbQvhDiKKwoKq4_Z3%2F-MeWg7-DdsJCT-PmUtOj%2FScreen%20Shot%202021-07-13%20at%202.05.26%20PM.png?alt=media\&token=8a3c11d4-e234-4639-afa4-0280004018ef)

6\. Click "Approve" to approve the scarce crypto you plan to deposit in conjunction with USDC for minting (you will only do this on your first time minting a specific stablecoin)

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWbQvhDiKKwoKq4_Z3%2F-MeWgdLzG3OSHxkj1uNm%2FScreen%20Shot%202021-07-13%20at%202.07.45%20PM.png?alt=media\&token=e6857eef-7794-40d7-93f4-92e8a14f1e9b)

7\. Sign the transaction in your Ethereum wallet.

8\. Click Mint to send the transaction to your Ethereum wallet

![](https://261418477-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MaZhSQgVf5SR16Ehb03%2F-MeWbQvhDiKKwoKq4_Z3%2F-MeWgsRrjMlvmkB5iqBb%2FScreen%20Shot%202021-07-13%20at%202.08.48%20PM.png?alt=media\&token=d3828f1c-df97-4bb6-b1c0-f792850ac2d2)

9\. Again, sign the transaction in your Ethereum wallet.