docs.syde.fi
  • General
    • Syde Intro
      • What's Syde?
      • How does Syde Work?
      • Synthetic Derivatives methods
      • Why Syde.fi?
      • Ecosystem Overview
    • syTON intro
      • What's syTON?
      • How to syTON creates every imagination asset of coins
  • Syde Architecture
    • Syde Architecture
      • Overview
      • Oracles
      • AVG Users
      • Whales Users
      • Syde Module
      • Admin
      • User Flow
    • syTON Architecture
      • Overview
      • syTON Logic
      • syTON User-Wallet
  • Tutorial
    • What is Tutorial?
      • How to Mint?
      • How to Burn?
      • How Liquidation works?
      • How to check your synt asset volume?
      • What is Liquidation and how explain your position is liquidate?
  • Syde Litepaper
    • What is Litepaper?
      • Abstract
      • How SyTON backs Synths
      • Collateral
      • Price Stability Mechanism
      • Minting, burning, and the C-Ratio
      • Stakers, debt, and pooled counterparties
      • Liquidation Risk
      • What are the benefits of adding liquidation to the system?
      • Advantages of Syde Infrastructure and liquidity provisioning
      • How Synths work
      • Syde Futures
      • Minting synths
      • Claiming Fees
      • Burning debt
      • Oracles
      • Current risks
      • Conclusion
  • Legal
    • Privacy Policy
    • Terms of Service
    • Disclaimer
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  1. Tutorial
  2. What is Tutorial?

How to Burn?

PreviousHow to Mint?NextHow Liquidation works?

Last updated 6 months ago

Burn feature burns minted asset and returns provided earlier collateral to the wallet, that's how to do it

  1. Go to

  2. Choose asset you want to burn

  3. Press Burn button

  4. Make sure that you previously minted that asset

  5. Type in amount of asset you want to burn, you can burn a maximum of minted amount, e.g. minted amount is 1 BTC, so you can burn up to 1 BTC, could be any amount less, but not more

  6. Press Burn button

  7. Confirm your transaction in the wallet

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