Deposit & Withdrawal
Draft
eUSDC
eUSDC is the PopularityX 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 a wallet and deposit USDC. The PopularityX Protocol mints eUSDC directly to that wallet at a 1:1 rate. The eUSDC balance is the tradeable balance inside the protocol.
Withdrawing
Return eUSDC to the protocol to withdraw. The protocol burns the eUSDC and releases USDC to the wallet at the same 1:1 rate. Withdrawal is available at any time.
Non-custodial
The USDC is held by the PopularityX Protocol, not by a custodian. The collateral lives in on-chain smart contracts. PopularityX has no discretionary access to it.