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%).
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