Earth Finance
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  • Overview
  • HOW DOES EARTH WORK?
    • General
    • Token Overview
    • Troves and Collateral
    • Redemptions and Liquidations
    • Stability Pool
    • Fee Model
    • System Status and Price Volatility
  • ABOUT EARTH PROTOCOL
    • XION Testnet Guide
      • Opening a Trove
      • Adjusting a Trove
      • Earning GEMs
    • Brand Assets
    • Smart Contracts
  • DISCLAIMERS
    • Disclaimer: Risks
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  1. ABOUT EARTH PROTOCOL

XION Testnet Guide

PreviousSystem Status and Price VolatilityNextOpening a Trove

Last updated 5 months ago

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Overview

Earth allows you to mint XION's native decentralized stablecoin $ORE using $XION tokens. With Earth, you get instant liquidity on your $XION tokens without selling them.

Troves are individual collateralized debt position that allows you to access the liquidity. This guide will walk you through the process of opening, adjusting, and closing a Trove.

Key Terms

  • XION: The collateral token

  • ORE: The stablecoin you can mint

  • LTV (Loan-to-Value): The ratio between your borrowed amount and collateral value

  • Liquidation Price: The price at which your Trove will be liquidated