Minting

BOMB tokens and other synthetic assets are minted when users provide their LPT as collateral. Once users have their BOMB, they can use the funds immediately. BomberSwap will initially support LPTs from various AMMs such as Pancakeswap, 1inch, with others to follow.

The Loan-to-Value (LTV) ratio is the percentage of funds that users can mint against their collateral. This ratio is variable. For example if it’s set at 50%, for every $100 worth of LPT token deposited, users can mint up to 50 BOMB. There is a minting fee charged to the user. This minting fee acts helps to provide stability for the ecosystem and will remain variable to help BOMBmaintain its dollar peg.

The BOMB minting terminology:

• BOMB = BEP20 Navite Token of BomberSwap

• LPT = Liquidity Pool Token

• LTV = Loan-to-Value Percentage

• Minted BOMB= LTV x USD value of LPT

• mFee = [Minting Fee % ] X [ Minted BOMB]

• Minted BOMB to the USER = Minted BOMB- mFee