SLOR Protocol Docs
  • Project Overview
  • Market Pain Points
  • Solution
  • Technical Architecture
  • Core Modules (RWA / AI / Payments)
    • RWA Module
    • AI Module
    • Crypto Payment Module
    • Synergy of Three Core Modules
  • Interaction Flow and Mechanism Details
    • RWA
      • Asset On-Chain Process (Registration and Ownership Verification)
      • Asset Circulation and Transaction Process
      • Pledge/Collateralization Process
      • Compliance and Auditing Assurance
      • Technical Summary
    • AI
      • Core Technology Framework
      • Interaction Flow Overview
      • Pledge/Collateralization Process
      • Core Technical Mechanisms
      • Privacy and Security Assurance
      • Example Application Scenarios
      • Economic and Incentive Mechanisms
    • Slor Blockchain Payment System and TitanPay Payment
      • Overall Payment Architecture Components
      • Standard Payment Process (User → Merchant)
      • Contract Logic Mechanisms
      • Cross-Border Payment Scenarios (TitanPay Scenario Adaptation)
      • Security and Risk Control Protections
    • Stablecoin Issuance
      • Objectives:
      • Stablecoin Issuance Structure
      • Stablecoin Minting Process
      • Stablecoin Redemption Process (Burning)
      • Liquidation Process (Low Collateral Ratio)
      • Collateral Support and Parameter Configuration
      • Ecological Use Cases
      • Development Stages
  • Tokenomics
    • Basic Information
    • Core Uses Overview
    • Value Loop Design
    • $SLOR Token's Role in the Ecosystem
    • Incentive Mechanisms
  • Network Node Roles
    • Node Types and Their Responsibilities
    • Community & Governance
  • Legal & Compliance
  • Developer Documentation
  • Roadmap
  • FAQ & Support
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  • 1.User Requests Redemption:
  • 2.Initiate Burn Request:
  • 3.Asset Release:
  • 4.State Update:
  1. Interaction Flow and Mechanism Details
  2. Stablecoin Issuance

Stablecoin Redemption Process (Burning)

1.User Requests Redemption:

The user holds TitanUSD and wishes to redeem the original collateral assets.

2.Initiate Burn Request:

The user sends TitanUSD back to the minting contract for burning.

3.Asset Release:

After confirming the burn, the contract releases the equivalent value of the pledged collateral back to the user's address.

4.State Update:

On-chain status is updated, reducing debt and unlocking collateral.

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Last updated 25 days ago