Minting Mechanics
1 VELO will always be convertible for 1 opxveVELO, regardless of either's open market price.
opxveVELO is not exchangeable for VELO except via a trade on the open market.
The conversion process is irreversible. Minting opxveVELO is trustless and permissionless.
Parity is maintained via market demand and the algorithmic pegging process.
Last modified 3mo ago