Mint

Minting NIV is the inaugural function on Nivela. It marks our fair launch and serves as a Liquidity Generation Event (LGE) for nUSD.

You can mint NIV using USDC/USDT. The minting price is determined by the following schedule based on the mint progress:

• 0% to 20% → $1 mints 4,380 NIV ｜ 1 NIV ≈ $0.00022831

• 20% to 40% → $1 mints 4,175 NIV ｜ 1 NIV ≈ $0.00023952

• 40% to 100% → $1 mints 4,008 NIV｜ 1 NIV ≈ $0.00024950

The mint event will conclude with NIV reaching a Fully Diluted Value of $18,250,000 and a Floor Price of $0.00021894.

Minting is instant, with no lock-up period. Your NIV tokens will be immediately available in your wallet for trading.

However, NIV has a burning mechanism: 0.21% of its supply is burned every 21 minutes. Holding it in your wallet exposes you to this burn, reducing your NIV amount. To prevent this, either lock your NIV by minting veNIV or provide liquidity.

Mechanics

A User transfers USDC to the Mint Contract.

The Mint Contract performs two actions:

• Sends 90% of the USDC to the PSM Contract.

• Allocates 10% of the USDC to the Treasury Wallet.

The PSM Contract mints nUSD at a 1:1 ratio and transfers it to the Floor Contract.

The Floor Contract allows users to redeem NIV for nUSD at the floor price.