⛏️Bond to get METF

The Bond page allow users to mint METF from the protocol at a discount by trading it with (i) liquidity (LP tokens) or (ii) other assets. The former is called liquidity minting and the latter reserve minting. Liquidity minting help the protocol to accumulate and lock liquidity, while reserve minting allow the protocol to grow its AUM, and also its Backing per METF value. MM ETF offers currently different types of assets that can be used to mint METF on its website:

MMF
METF -MMF LP

Settings

Settings is a feature that allows you to mint METF while sending the acquired METF to another address. This is useful for additional privacy, or for minting multiple METF while the current mints are still vesting. Note that if the same account holds multiple mints, the pending rewards from the earlier mints have to be forfeited. Note: What this means in practice, is that if a user has vested rewards from a previous minting action purchase, and he then mints another METF , the 5 days timer resets for all the rewards, and the vesting period will start again.

Go to Mint page and select the assets you want to use to mint METFs.
Select the amount that you would like to mint, then click on the cogwheel icon at the top right of the page.
The Settings menu will show up. At the Recipient Address field, you can specify a different address that will receive the vested METF . By default, it is filled with your current address.
You can also modify the Slippage field to increase or decrease the likelihood of your order getting through. A higher slippage increases that likelihood, but you may get a more undesirable fill price.
Close the Settings menu by clicking the cross icon.
Click "Approve" and sign the transaction.
After the "Approve" transaction has been processed successfully, click "Mint" and sign the transaction. Voila, you have minted your first METF tokens using the Settings!

Notes:

The "Approve" transaction is only needed when minting for the first time; subsequent minting only requires you to perform the "mint" transaction.
When using Settings, do not alter the mint amount after you have closed the Settings menu, as it will reset the recipient address.

How to Redeem

Go to the Mint page and select the bond type you have purchased. Select the "Redeem" tab. Use the Claim to claim all of your available rewards, and have the pending METF sent to your wallet. Use the Claim and Autostake button to have all the available METF sent automatically to the staking contract.

Reading the Info

Bond Page:

MINT Price is the price of METF you get from minting. You can calculate the mint price using the following formulae: - LP Mint: (Value of your LP token / METF you'll get from minting) - MMF Mint: (Value of your MMF token / METF you'll get from minting)
METF Price is the market price of METF.
Your Balance is your balance of LP tokens or asset used to mint.
You Will Get tells you how many METF tokens you will get from minting.
Max You can Buy maximum amount of METF available to be bought.
Debt Ratio measures the total amount of METF created from mints that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP mints and MMF mints: - LP Mint: (METF created from unredeemed mints / METF total supply) - MMF Mint: (METF created from unredeemed mints / METF circulating supply)
Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.
Minimum Purchase: Minimum amount of METF that can be minted

Redeem Page.

Time Until fully vested time until the METF minted will be fully redeemable
Pending Rewards is the amount of METF you are entitled to receive from minting.
Claimable Rewards is the amount of METF that you can claim now. This amount keeps increasing as METF is vested to you over the vesting period.
ROI is the Return On Investment
Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days.

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Settings

Go to Mint page and select the assets you want to use to mint METFs.

Select the amount that you would like to mint, then click on the cogwheel icon at the top right of the page.

The Settings menu will show up. At the Recipient Address field, you can specify a different address that will receive the vested METF . By default, it is filled with your current address.

You can also modify the Slippage field to increase or decrease the likelihood of your order getting through. A higher slippage increases that likelihood, but you may get a more undesirable fill price.

Close the Settings menu by clicking the cross icon.

Click "Approve" and sign the transaction.

After the "Approve" transaction has been processed successfully, click "Mint" and sign the transaction. Voila, you have minted your first METF tokens using the Settings!

Notes:

The "Approve" transaction is only needed when minting for the first time; subsequent minting only requires you to perform the "mint" transaction.

When using Settings, do not alter the mint amount after you have closed the Settings menu, as it will reset the recipient address.

How to Redeem

Reading the Info

Bond Page:

MINT Price is the price of METF you get from minting. You can calculate the mint price using the following formulae: - LP Mint: (Value of your LP token / METF you'll get from minting) - MMF Mint: (Value of your MMF token / METF you'll get from minting)

METF Price is the market price of METF.

Your Balance is your balance of LP tokens or asset used to mint.

You Will Get tells you how many METF tokens you will get from minting.

Max You can Buy maximum amount of METF available to be bought.

Debt Ratio measures the total amount of METF created from mints that have yet to be paid out by the protocol. The debt ratio is calculated differently for LP mints and MMF mints: - LP Mint: (METF created from unredeemed mints / METF total supply) - MMF Mint: (METF created from unredeemed mints / METF circulating supply)

Vesting Term measures the period a minting action takes to fully redeem. This number is expressed in days.

Minimum Purchase: Minimum amount of METF that can be minted

Redeem Page.

Time Until fully vested time until the METF minted will be fully redeemable

Pending Rewards is the amount of METF you are entitled to receive from minting.

Claimable Rewards is the amount of METF that you can claim now. This amount keeps increasing as METF is vested to you over the vesting period.

ROI is the Return On Investment

Vesting Term measures the period a Minting action takes to fully redeem. This number is expressed in days.