Baki White Paper
  • Introduction
  • Mint | Deposit
  • Swap
  • Burn | Repay
  • Withdraw
  • Rewards
  • Liquidation
  • Debt
  • Pegging
  • Contract Addresses
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Rewards

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Last updated 2 months ago

Every trade will incur a 0.80% trading fee that is split between 50.00% to minters, 25.00% to $CNZA token stakers (coming soon), and 25.00% to the development wallet. For the minters, their share will be used to repay their debt automatically.

Additionally, Baki provides an implicit short on African currencies. As African currencies devalue the minter's debt will reduce, increasing the minter's collateralization ratio and allowing for additional zUSD to be minted.

Minters can click the 'Claim Cash Back' button on the Mint page to mint the zUSD they have earned through trading fees and the devaluation of currencies.