Cygnus
  • 👋Welcome To Cygnus
  • Cygnus Network
    • What is Cygnus?
    • Why Do We Need Cygnus?
    • How Does Cygnus Work?
    • Cygnus Social App SDK
      • Cygnus Instagram App Layer
      • Telegram Mini App for Cygnus
      • Whatsapp Mini App for Cygnus
    • Bug Bounty
    • Grant Program
    • Cygnus Token
    • Research
      • Optimism
      • Optimistic Rollups
      • OP Super Chain
      • OP Stack
  • Cygnus Omnichain Liquidity Validation System (LVS)
    • Introduction
    • Collateral Mechanism & Asset Management
    • Vault Delegation & Restaking Framework
    • Network Coordination & Security Layer
    • Operator Registration & Incentive System
    • Resolver Governance & Dispute Resolution
    • Cygnus LVS Integration
      • cgETH
        • What is cgETH?
        • Core Features and Mechanics of cgETH
        • Security, Transparency, and Risk Management
      • clBTC
        • What is clBTC?
        • How clBTC Works?
        • Integration with CeFi and DeFi in Cygnus Network
        • Security, Transparency, and Risk Management
      • cgUSD v1
        • What is cgUSD v1
        • Why Cygnus Finance
        • Risk Warning
        • Protocol Mechanics
          • Mint
          • Wrap
          • Bridge
          • Redemption
        • Token and Contract
          • cgUSD
            • Comparison to Stablecoins
            • How it Works
            • On-Chain Price Oracle
          • wcgUSD
            • Comparison to cgUSD
            • How it Works
          • Smart Contract Audits
        • FAQ
          • Mint
          • Wrap
          • Withdrawals
      • cgTON
    • Cygnus Pool SDK
  • legal
    • Privacy Policy
    • Interface Terms of Use
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On this page
  1. Cygnus Omnichain Liquidity Validation System (LVS)
  2. Cygnus LVS Integration
  3. cgUSD v1
  4. Protocol Mechanics

Mint

Users can mint cgUSD by using assets from multiple chains, with cgUSD existing solely on the Base chain. For more detailed information about cgUSD, please refer to:

Supported assets for minting cgUSD are as follows:

Network
Waiting Time
Token
Contract Address

Base

Zero

USDC

0xCa72827a3D211CfD8F6b00Ac98824872b72CAb49

Ethereum

20 mins

USDC/USDT

Pending

Arbitrum

30 mins

USDC/USDT

Pending

Optimism

30 mins

USDT

Pending

Currently, Cygnus Finance utilizes Axelar Network for cross-chain communication, allowing users to mint cgUSD with stablecoins from chains other than the Base chain. The minting fee for users is 0%, meaning the amount of stablecoins used for minting cgUSD is equivalent to the cgUSD received. For detailed information about fees, please refer to:

However, if users choose to mint cgUSD using stablecoins from chains other than the Base chain, they will need to pay Axelar Network a certain fee in the native token of the source chain. Details of the minting fees are as follows:

Network
Waiting Time
Fee Components
Payment Currency

Ethereum

20 mins

Cross-Chain Fees

USDC/USDT

Arbitrum

30 mins

Cross-Chain Fees

USDC/USDT

Optimism

30 mins

Cross-Chain Fees

USDC

Users can also send a small amount of ETH to the Base chain for gas while conducting cross-chain minting.

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Last updated 10 months ago