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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On this page
  • Step 1: Access the Minting Page
  • Step 2: Enter Your Collateral Amount
  • Step 3: Enter Amount To Borrow
  • Step 4: Open Your Trove
  • Step 5: Access Trove Dashboard

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  1. ABOUT EARTH PROTOCOL
  2. XION Testnet Guide

Opening a Trove

PreviousXION Testnet GuideNextAdjusting a Trove

Last updated 5 months ago

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Step 1: Access the Minting Page

  1. Open the Earth testnet on Xion

  2. Connect your wallet using the top-right button

  3. Look for and click "Mint ORE" in the left sidebar menu

  4. You'll see "You don't have an existing trove" message, when using the app for the first time

Step 2: Enter Your Collateral Amount

  1. Find the "Deposit collateral to mint ORE" section

  2. You'll see a XION input field with your wallet balance below

  3. Enter your desired amount in two ways:

    1. Type the exact amount you want to deposit, OR

    2. Use the percentage buttons (25%, 50%, 75%, 100%) to quickly select from your available balance

  4. The interface automatically shows:

    1. The USD value of your XION deposit

    2. The amount of ORE you can mint

Step 3: Enter Amount To Borrow

  1. In the newly activated textbox y input the amount of $ORE you want to mint.

  2. Enter your desired amount in two ways:

    1. Type the exact amount you want to mint, OR

    2. Use the percentage buttons (25%, 50%, 75%, 100%) to quickly select from your available balance

Note that you must mint a minumum of 10 ORE to open the Trove.On top of the amount you want to mint, there is an additional liquidation reserve. The liquidation reserve is refunded in-full when you close your Trove. Additionally there may be a small fee applied for minting the stablecoins. All these information are displayed in right side information panel.

Step 4: Open Your Trove

  1. Click the "OPEN TROVE" button at the bottom

  2. Your wallet will prompt you to confirm the transaction

  3. Wait for the transaction to process

  4. You'll see a green checkmark and "Trove opened successfully" message

  5. Click "Close" on the success message

Step 5: Access Trove Dashboard

Your Trove has been opened now and you should automatically be brought to your Trove Dashboard or you can access it anytime by clicking on Mint ORE in the sidebar.

The dashboard provides you all the required details on your Trove. You should keep a check on your Trove dashboard specially keep an eye on your LTV and Liquidation Price to ensure that your positions are not on the risk of liquidation. In the dashboard, you will be able to view:

  • Debt: Your current ORE debt

  • Trove Status: Should show as "Active"

  • Loan-to-Value (LTV): Shown as a percentage with circular indicator

  • Collateral: Amount of XION deposited

  • Available: Amount of ORE you can still mint

  • Liquidation Price: The price at which your position risks liquidation

https://xion.testnet.earthfi.org/