Minting MTK Shares

MTK shares are minted exclusively when users supply liquidity by depositing the required underlying assets into the Metera smart contract. Once deposited, the smart contract will issue the corresponding MTK shares to the user. Conversely, users can burn MTK shares to redeem the underlying assets.

The process of minting MTK shares remains the same despite the mechanism chosen. Meaning that MTK shares are always minted once assets are provided into the MTK instrument in a 1:1 ratio from the assets provided. MTK shares can also be purchased in secondary markets, or obtained through other mechanisms offered by the protocol.

The Metera Protocol offers three main ways to mint MTK Shares

Direct Deposit:

A direct deposit refers to when a user builds and sends a transaction to the MTK with the right proportions of assets required, resulting in the minting of MTK shares.

• Users provide assets in the exact proportion required by the index.

• The protocol verifies and locks the assets in smart contracts.

• MTK shares are minted proportionally to the value of the assets supplied.

• The MTK shares represent a portion of the ownership of the underlying assets stored in the MTK instrument.

Zap-Ins:

Zap-ins are minting orders where users provide ADA to swap it for the underlying assets required for MTK shares minting.

Currently the Metera Protocol offers two main routes for Zapping-in:

1. Minswap

2. SundaeSwap

Secondary Market Acquisition:

• Users may purchase MTK shares from DEXs if they are available.

• Once acquired, users can redeem MTK shares for underlying assets anytime.