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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