How to Mint and Burn PBG Token
How to Mint and Burn PBG Token
Understanding How to Mint and Burn PBG Token is essential for anyone engaging with PBG’s decentralized vault portfolios (DVPs) on the Cardano blockchain. These two core processes—minting and burning—allow users to interact directly with tokenized portfolios in a fully non-custodial and transparent way. This guide walks you through both actions, explaining the steps, tools, and key considerations involved, all while prioritizing autonomy and on-chain clarity.
Understanding How to Mint and Burn PBG Token is essential for anyone engaging with PBG’s decentralized vault portfolios (DVPs) on the Cardano blockchain. These two core processes—minting and burning—allow users to interact directly with tokenized portfolios in a fully non-custodial and transparent way. This guide walks you through both actions, explaining the steps, tools, and key considerations involved, all while prioritizing autonomy and on-chain clarity.
Minting PBG Tokens
Is the process of obtaining a proportional share of a decentralized vault portfolio (DVP) on the Cardano blockchain. Unlike traditional investment funds, PBG.io operates fully on-chain, ensuring security, transparency, and decentralization. This guide will walk you through the process of Minting PBG Token, including the requirements, steps, and key considerations.
Burning PBG Tokens
Burning PBG Tokens means exchanging your tokens your tokens for the underlying assets held in the vault, like ADA, while accounting for a small burn fee. This fee, typically ranging from 0.1% to 2%, ensures the protocol’s operation costs are covered. With PBG’s secure, on-chain system, you can manage your investments confidently, leveraging the benefits of decentralized finance and Cardano staking. Unlike traditional finance, PBG’s non-custodial approach gives you full control, with transparent fees and real-time pricing updates.
Minting PBG Tokens
Is the process of obtaining a proportional share of a decentralized vault portfolio (DVP) on the Cardano blockchain. Unlike traditional investment funds, PBG.io operates fully on-chain, ensuring security, transparency, and decentralization. This guide will walk you through the process of Minting PBG Token, including the requirements, steps, and key considerations.
Burning PBG Tokens
Burning PBG Tokens means exchanging your tokens your tokens for the underlying assets held in the vault, like ADA, while accounting for a small burn fee. This fee, typically ranging from 0.1% to 2%, ensures the protocol’s operation costs are covered. With PBG’s secure, on-chain system, you can manage your investments confidently, leveraging the benefits of decentralized finance and Cardano staking. Unlike traditional finance, PBG’s non-custodial approach gives you full control, with transparent fees and real-time pricing updates.
Being able to Mint and Burn PBG Tokens is a key feature for DeFi use cases, offering a way to access your assets directly. Whether you’re new to what is decentralized finance or an experienced crypto user, understanding this process can help you navigate decentralized portfolios more effectively.
Being able to Mint and Burn PBG Tokens is a key feature for DeFi use cases, offering a way to access your assets directly. Whether you’re new to what is decentralized finance or an experienced crypto user, understanding this process can help you navigate decentralized portfolios more effectively.
Before You Begin
Before You Begin
To carry out either minting or burning, you’ll need:
To carry out either minting or burning, you’ll need:
How to Mint PBG Token
1. Connect Your Wallet
First connect your Cardano-com patible wallet.
Your wallet should be set up and funded with
enough ADA to proceed securely
3. Click mint
Enter the amount of ADA you want to deposit into
the vault. Con rm your transaction and wait for
approval.
2. Create a Mint Order
Enter the amount of ADA you want to deposit into
the vault. The system will automatically calculate
the equivalent PBG. Double-check before
proceeding.
4. Validation
Once processed, you’ll nd the transaction in the
Order History section.
How to Mint PBG Token
1. Connect Your Wallet
First connect your Cardano-com patible wallet. Your wallet should be set up and funded with enough ADA to proceed securely
2. Create a Mint Order
Enter the amount of ADA you want to deposit into the vault. The system will automatically calculate the equivalent PBG. Double-check before proceeding.
3. Click mint
Enter the amount of ADA you want to deposit into the vault. Con rm your transaction and wait for approval.
4. Validation
Once processed, you’ll nd the transaction in the Order History section.
How to Burn PBG Token
1. Select the ‘Burn’ Option
Navigate to the “MINT | BURN” section on the right
side of the interface. Click on “BURN” to begin the
processy
3. Click Burn to complete the
process
2. Specify the Amount
Enter the amount of PBG to burn, and swap back
to ADA.
4. Complete the Process and Verif
Once confirmed, the burn will be processed on the
Cardano blockchain. You’ll see the ADA withdrawn
in your wallet, reflecting the net value after fees.
Verify the transaction to ensure every thing aligns
with the on-chain pricing and your expectations.
How to Burn PBG Token
1. Select the ‘Burn’ Option
Navigate to the “MINT | BURN” section on the right side of the interface. Click on “BURN” to begin the processy
2. Specify the Amount
Enter the amount of PBG to burn, and swap back to ADA.
3. Click Burn to complete the process
4. Complete the Process and Verif
Once confirmed, the burn will be processed on the Cardano blockchain. You’ll see the ADA withdrawn in your wallet, reflecting the net value after fees. Verify the transaction to ensure every thing aligns with the on-chain pricing and your expectations.
Why Minting and Burning Matters in DeFi
The ability to Mint and Burn PBG Token gives users direct interaction with decentralized portfolios. There’s no need for centralized platforms or custodians. Every step is verifiable, and all decisions remain in your hands.
