MINT AT NAV ON BASE
Direct Protocol Minting
This form mints new tokens directly from the contract. You pay net asset value plus 0.10%, and the price per token is the same whether you spend twenty dollars or twenty thousand. Enter an amount to see exactly what you receive before connecting a wallet.
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GGBLIN0.10% fee · same price at any size · redeem in kind with no fee
Slippage Tolerance · 1.0%
Any amount, not a whole token
A share divides to 18 decimals, so you can mint a fraction of one: twenty dollars buys a slice of the same basket at the same price per token as twenty thousand. ETH mints in one transaction. USDC or another token is first swapped to WETH on Uniswap, then minted at NAV.
Two ways out
Redeem in kind: burn your shares and receive your pro-rata slice of cbBTC, WETH and USDC, with no fee and no price feed. Sell for ETH: the Zap redeems and sells each slice on a DEX, so you pay those swaps' fees and price impact, and it needs fresh price feeds.
What it costs
0.10% when you mint with ETH or WETH: half stays in the vault, half goes to the fee recipient as shares. 0.50% a year, accrued as new shares. Nothing to redeem in kind.
What you actually pay
The contract sells at one price. The pools don't.
Minting issues new tokens against your deposit, so the price per token does not move with the size of your order. Swapping in a liquidity pool moves the price against you, and these pools are small. Both columns below are live, read from Base a moment ago.
| You spend | Mint from the contract | Swap in the pool | The pool costs |
|---|---|---|---|
The pool column uses the deepest pool that exists for the vault in service, including its fee; while there is none, only the mint price is shown. The mint column is quoteBuy() read straight from the GBLIN Lens. Total depth of that pool right now: —. An order much larger than that depth would not realistically fill: most DEX interfaces block a swap once the price impact gets this high. That is a limit of the pool, not of the token — the contract itself quotes the same price at every size.