Minting BAI Stablecoin (Coming Soon)
Brainiac Finance also enables you to mint a synthetic stablecoin BAI, much like borrowing the amount you can mint depending on your supplied collateral.
- To start the process, you need to open the Mint / Repay BAI tab.
- Set the amount you would like to mint, again you can use the Safe Max button to conveniently set 40% of your Borrow Limit.
- To repay your BAI loan, you will first need to Enable this asset with the protocol. You may want to do this straight away, to ensure you can repay the loan quickly if required.
- When you’re ready to repay your loan, set the amount, and click Repay BAI. At the moment, minting BA is interest-free though that will change in the future.