Minting and Burning Mechanics

• Minting:

  1. Users deposit accepted collateral (e.g., USDC, ETH) into the USDp pool.

  2. Or, game-related actions such as selling PandaFantasy keys for USDp trigger new USDp issuance.

  3. A minimum 140% collateralization requirement must be met before new USDp is minted.

• Burning:

  1. Whenever users withdraw USDC or PANDA from the USDp collateral pool, the equivalent amount of USDp is burned.

  2. This keeps the total supply of USDp in line with its collateral backing and ensures price stability within the ecosystem.