Deposit & Withdrawal
Draft
eUSDC
eUSDC is the Sentidex Protocol's internal unit of account.
Depositing USDC mints eUSDC 1:1. Withdrawing burns eUSDC back to USDC at the same rate. All positions are priced in eUSDC, and all settlement happens in eUSDC. 1 eUSDC = $1.00.
Depositing
Connect your wallet and deposit USDC. The Sentidex Protocol mints eUSDC directly to your wallet at a 1:1 rate. Your eUSDC balance is your tradeable balance inside the protocol.
Withdrawing
Return eUSDC to the protocol to withdraw. The protocol burns the eUSDC and releases USDC to your wallet at the same 1:1 rate. You can withdraw at any time.
Non-custodial
Your USDC is held by the Sentidex Protocol, not by a custodian. The collateral lives in on-chain smart contracts. Sentidex has no discretionary access to it.