$MIM Minting
MIM Minting was introduced since the Magnet DAO's Launch. It allows you to trade MIM in exchange for discounted $MAG.

How to Mint

  1. 1.
    Make sure you have MIM in your wallet. For example, you can go to Trader Joe to swap AVAX for MIM if you don't have any, as the deepest liquidity is there!
  2. 2.
    Head to the MIM Mint page of the Magnet DAO website. There are two tabs: "Mint" and "Redeem". Make sure "Mint" is selected.
  3. 3.
    Type in the amount of MIM you would like to use in order to mint $MAG. Make sure you are not trying to mint more than is allowed. The Max You Can Buy field below shows the maximum amount of $MAG you can purchase.
  4. 4.
    If this is your first purchase, you need to approve the contract to spend your MIM. Click "Approve" and sign the transaction.
  5. 5.
    After the "Approve" transaction has been processed successfully, refresh the page. The "Approve" button should be changed to display "Mint" by now.
  6. 6.
    Click "Mint" and sign the transaction. Now you have minted your first $MAG using MIM tokens!
  7. 7.
    Make sure to redeem your mint afterward.
Copy link