# Mint aUSD₮

The first part of the minting process for aUSD₮ is the initial collateral deposit, and the respective aUSD₮ mint.

**To start, head over to** [**alloy.tether.to**](https://alloy.tether.to/)

Once there, click on **Start Minting.**

## Depositing XAU₮ and Minting aUSD₮

Firstly, users can use the left side of the screen to decide how many XAU₮ tokens to provide as collateral, and how many aUSD₮ mint with them.

<figure><img src="https://3205030499-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbdGQNb40oeawfru04fnk%2Fuploads%2FQ6qhSJUn1IqXEY0MaWlE%2FScreenshot%202024-06-11%20at%2015.42.27.png?alt=media&#x26;token=ac3b4a35-3952-4bfe-9b67-dfd113b88c71" alt=""><figcaption><p>In this case, the user is depositing 6 XAU₮ and minting 4000 aUSD₮ </p></figcaption></figure>

While interacting with the left side of the screen, users may notice that the right side is showing them what their position would look like, if they were to open it.

* **Collateral:** Amount of XAU₮ tokens deposited as collateral into the Vault.
* **Minted:** Total amount of aUSD₮ that will be minted in the current transaction (including the Mint Fee).
* **Liquidation Point**: Defines the maximum percentage of aUSD₮ mintable given user's deposited collateral, also known as "Maximum MTV".
* **Mint to Value**: Current Mint to Value of the CMP. Once this number exceeds the Liquidation Point, the collateral held in the Vault will be subject to liquidation. \
  \&#xNAN;*The lower this percentage is, the further away a CMP is from being subject to liquidation.*
* **Health Bar**: Visual representation of the Mint to Value in relation to the Liquidation Point.
* **XAU₮ Price**: Current Price of one XAU₮ token, as determined by the Oracle.
* **Liquidation Price:** XAU₮ price at which your Vault will be subject to liquidation.

### Breakdown

The Breakdown section shows a detailed summary of the transaction being submitted by the user. It shows how the user wallet balance will change, how the CMP will be affected as well as the fees being charged.

The breakdown section can be easily hidden, by clicking on the arrow above it.

<figure><img src="https://3205030499-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbdGQNb40oeawfru04fnk%2Fuploads%2F0UU51dntZ8JjHh60Kun4%2FScreenshot%202024-06-11%20at%2015.43.44.png?alt=media&#x26;token=4209d302-c926-40b7-b936-03c141e6b0c1" alt="" width="368"><figcaption></figcaption></figure>

In this case, we can see how the current transaction will have the user wallet deposit 6 XAU₮ tokens, receive in its wallet 4000 aUSD₮ and increase its minted balance by 10 aUSD₮ because of the 0.25% mint fee. These 10 aUSD₮ are not received in the user wallet, but are included in the total aUSD₮ minted in this transaction.

## Vault Parameters <a href="#d332" id="d332"></a>

On the bottom right corner of the screen, users can find the parameters for the Vault.&#x20;

* **Minting Fee**: defines the fee that a user pays to mint aUSD₮. Please see the [**Fee Schedule**](https://alloy.tether.to/en/legal-terms/?tab=fee-schedule) for more details.
* **Liquidation Premium**: The additional value in XAU₮ received by liquidators for every aUSD₮ returned to the CMP, expressed as a percentage.

## Minting aUSD₮

When you're prepared to mint aUSD₮, simply click the "**Add collateral and Mint aUSD₮**" button.

If this is the first experience with Alloy by Tether smart contracts, be mindful that you might need to authorize the XAU₮ token spending before proceeding with opening the CMP. This approval requires a signature in your wallet, but it’s only the first step to minting aUSD₮.

Once done, clicking this button and confirming the proposed transaction will transfer the XAU₮ from your wallet to the Vault where it will act as collateral. The minted aUSD₮ will then appear in your wallet. It's important to ensure that users have added the aUSD₮ token address to their wallet to see the funds.

**Once executed, you will be able to monitor your CMP and current status on the right side of the screen.**


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