# Minting & Redeeming

{% tabs %}
{% tab title="xETH" %}

### Minting

In order to mint 1 xETH, the system requires 1 ETH and (1 - CR) will be converted to Particle/ETH LP.

{% hint style="info" %}
For example - CR = 90% and you want to mint 10 ETH\
\
9 ETH will be deposited into ETH pool reserve and \
1 ETH will be converted to Particle/ETH LP (Protocol Owned Liquidity=POL)
{% endhint %}

<figure><img src="https://1460643381-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRpa7ZDKZtBJfS3OnzBbX%2Fuploads%2Fm89jcqd8EXDjErh3DmDf%2Fimage.png?alt=media&#x26;token=359be447-bff4-4ad5-a6e5-97fe0ac91cf1" alt="" width="411"><figcaption></figcaption></figure>

### Redeeming

When 1 xETH is redeemed, the system returns CR worth of ETH and (1 - CR) worth of Particle.

{% hint style="info" %}
For example - CR = 90%\
If you want to redeem 100 xETH -> 90% will be returned as ETH and 10% as Particle
{% endhint %}

<figure><img src="https://1460643381-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRpa7ZDKZtBJfS3OnzBbX%2Fuploads%2Fxy0E39UJ62v7h4Z3bVVY%2Fimage.png?alt=media&#x26;token=02b3ff98-e8d7-45ee-ab5e-9d3a9648a92d" alt=""><figcaption></figcaption></figure>

### 2-step Minting / Redeeming mechanism

After both, Minting or Redeeming, you will have to additionally collect your minted or redeemed tokens. This mechanism was implemented to **prevent flashloan**. \\

If this transaction is canceled, you will need to proceed with the collection through the blockchain explorer directly on the pool contract.

### Fee

There is a 0.35% fee for minting and 0.65% fee for redeeming, transferred to the Staking and Locking Distribution.

{% hint style="warning" %}
If you are using a Ledger to mint xETH you will have to enable Display Contract Data (debug data) to be able to Mint
{% endhint %}
{% endtab %}

{% tab title="Second Tab" %}

{% endtab %}
{% endtabs %}
