Stablecoin Minting Process

1.User Accesses Minting Interface:

The user accesses the TitanPay or Slor contract interface and initiates the minting request.

2.Choose Collateral Asset:

The user selects the type of collateral (e.g., TITAN) and inputs the amount to pledge.

3.Smart Contract Requests Price Data:

The contract queries the price oracle to obtain the current price of the collateral asset.

4.Collateralization Ratio and Minting:

Using the predefined initial collateralization ratio (e.g., 150%), the contract calculates the maximum mintable TitanUSD amount.

5.Pledge and Minting:

The collateral is locked, and TitanUSD is minted and transferred to the user’s address.

6.Transaction Recorded on Chain:

The transaction is written to the blockchain, marking the debt and collateral ratio status.

Example: The user pledges 1500 TITAN. The system allows minting of 1000 TitanUSD (with a collateral ratio of 150%).