Minting & redeeming

Minting/redeeming directly converts between Yield DTFs and their underlying collateral—no custodians or order books required. Anyone can mint or redeem permissionlessly.

issuance and redemption

For convenience, the protocol offers zapper helpers that let users enter or exit using almost any ERC‑20 token or native ETH in one transaction.

How to mint or redeem

There are three main ways to mint or redeem. The Reserve app provides a convenient interface, but any front‑end can access the same permissionless contracts.

1

Zapper (one‑step)

When to use: You want to use a single ERC‑20 or ETH and let the app handle the swaps.

• Click the Mint button on any DTF page → choose Mint or Redeem

• In the You use or You receive field, pick any supported token (ETH, USDC, wBTC, etc.)

• Enter an amount and review the quote

2

Manual mint / redeem

When to use: You hold/want the exact collateral tokens or need precise slippage control.

• Click Switch to manual mode on the DTF’s Mint/Redeem page

• Review per‑token amounts to deposit/receive

• Approve any necessary tokens and submit

3

Direct contract call

When to use: Integrations, scripts, advanced use cases.

• Call issue(amount) or redeem(amount) on the DTF proxy. Basket ratios are calculated and enforced onchain.

See the smart contracts section for contract details and addresses.