Mint nUSD on Raga Finance mainnet

Please refer to the step by step process, to mint nUSD on movement.

Note: You can refer to video here, for detailed tutorial.

1. Visit the Raga Finance mainnet app - here

fig 1.0

1. Click on “Connect” button provided in the top right corner to connect your Ethereum wallet as given in fig 2.0. After clicking on this button a pop-up will show, asking users to select their preferred wallet provider as given in fig 2.1. For this demo, the Metamask wallet has been connected.

fig 2.0

fig 2.1

1. Connect your wallet on the Movement chain by clicking on ''Movement'' provided in fig 3.0. After clicking on this button a pop-up will show, asking to select the preferred wallet provider as given in fig 3.1. For this demo, the Razor wallet has been connected

fig 3.0

fig 3.1

1. Add the asset type and amount you want to deposit

fig 4.0

You will see the amount of nUSD you will receive on Movement chain (fig 4.1). The exchange rate is determined by the current value of the nUSD token. nUSD is a value-accruing token that increases in value as it earns more returns for you

fig 4.1

1. After selecting asset type and amount, click “Deposit Amount” and sign the transaction in your Ethereum wallet

fig 5.0

Note: It's a two step process:

a. The first transaction is to approve the usage of your assets on Raga contracts

fig 5.1

b. The second transaction is to deposit assets to Raga Finance

fig 5.2

1. You will receive a deposit confirmation and the message that nETH will be minted to your Movement wallet in a few minutes

fig 6.0

1. Raga Finance leverages Layerzero messaging protocol for cross-chain interactions. To check the status of receiving nETH on Movement chain, you can track the transaction confirmation on Layerzero by clicking on the popup "Track your transaction here"

fig 7.0

You will be redirected to LayerZero explorer, where you can view the current status, as given in fig 7.1

fig 7.1

Note: If you face any issues while minting nUSD on the mainnet, please reach out to the team by posting a query on the chat icon provided in the bottom right corner, as given in fig a.

fig a