How to mint syUSD

Minting syUSD

To mint syUSD, you’ll first need to deposit collateral into the Synnax protocol. Here’s how to get started:

1. Go to the Explore page and select the type of collateral you’d like to deposit.

2. On the next screen, enter the amount of collateral you want to use.

3. Then, choose how much syUSD you want to mint against that collateral.

4. Adjust your Collateral Ratio LTV (Loan-to-Value) based on your risk tolerance.

Each collateral asset has its own maximum collateral ratio (MCR), depending on how volatile it is. For example, stablecoins like USDC have higher allowable ratios than volatile tokens like ETH or governance tokens. More volatile assets carry higher risk — meaning your position is more likely to get liquidated if prices swing too far.

⚠️ Important: If you’re using a volatile token as collateral, don’t set your collateral ratio too close to the maximum allowed. Doing so leaves little room for price movement and increases your risk of liquidation.

Liquidation occurs when your collateral ratio hits the minimum required for that asset. If that happens, part or all of your position may be forcefully closed to cover the debt.

5. Once you’re ready, click “Mint” to deposit your collateral and receive syUSD in return.

🎥 Need help?

Check out the explainer video below for a full walkthrough of the minting process.