✅ Minting myXXX

Only whitelisted contracts can mint new myXXX tokens, where two types will exist:

• Zap-in (adding liquidity to a myXXX pool)

• Arbitrage contracts (pegging DEX ratio)

Regular users can’t mint myXXX because of a specific mechanism establishing the ratio between holders and decreased liquidity. New holders can acquire myXXX by swapping them on a DEX, which proportionally increases the amount of YYY tokens and decreases the amount of myXXX tokens in the pool ⚖️

A whitelisted arbitrage bot can then mint new myXXX tokens, profit from the difference, and “repeg” XXX to myXXX tokens on the DEX - this also increases the liquidity on the DEX.

As previously mentioned, the only way users can mint new myXXX is to add liquidity through the zap-in function.