Mint, Redeem & Bridge PHT

The APACX Web App lets you easily mint, redeem, and bridge PHT.

🔗 Official Website: apacx.io

Getting Started

  1. Open the Web App

    • Click the "Get Started" button at the top right.

    • You’ll be taken to the Portfolio page

  1. Connect Your Wallet

  • Click "Connect" and choose your wallet.

  • Make sure you've installed the browser extension for your wallet.

Minting PHT

Once your wallet is connected, you can start minting PHT.

  1. Go to the Mint page to begin.

  1. Enter the amount of PHT you want to mint. The minimum requirement is 500 PHT.

  2. Select the collateral you want to use for minting PHT.

    We are currently in the beta testing phase. All existing PHT are minted using apcxUSDT as collateral, which is backed 1:1 by the USDT balance in the reserve address. For further details, please refer to the Transparency section. The option to mint PHT using USDT, as shown in the images, is for instructional purpose only and is not yet available. Support for minting PHT with USDT, USDC, and other collaterals will be introduced in a later phase, in accordance with our technical roadmap.

  1. Click "MINT" and follow the steps below:

Note: If this is your first time using the APACX protocol, you’ll need to create a proxy first. Simply click "create proxy" and approve the request in your wallet.

Minting Steps

  1. Approve Collateral Spend.

  1. After approval, you can proceed with minting PHT.

  1. Once the process is complete, you can check your position status on the Portfolio page.

Redeeming PHT

To repay your PHT debt, follow these simple steps:

  1. Go to the Redeem page.

  1. Choose how much PHT you want to repay. We offer easy options for 25%, 50%, 75%, or 100% of your debt.

  1. Click “Redeem” and confirm the transaction in your wallet.

  1. Once completed, your debt will be paid off, and your collateral will be transferred back to your wallet.

Bridging PHT

To bridge your PHT to another blockchain, follow these simple steps:

  1. Go to the Bridge page.

In this instructional example, we demonstrate bridging from Ethereum to Tron. The process for bridging from Tron to Ethereum is the same, with the only difference being that TRX is used as gas. PHT will soon support additional chains, enabling seamless cross-chain transfers across multiple networks.

  1. Select the source blockchain where your PHT is currently held and enter the amount of PHT you want to bridge

  1. Select the destination blockchain to which you want to bridge your PHT.

By default, the destination address is derived from your connected wallet’s seed phrase. If you wish to send PHT to a specific wallet address, manually enter it.

  1. Approve PHT Spend.

  1. After approval, click "Send" to proceed.

  1. Once the bridging process is complete, you can review your bridging details.

We are using LayerZero’s Omnichain Fungible Token (OFT) as our bridge solution. For more details, please refer to LayerZero’s Docs. The bridging process may take some time to complete, and transaction history updates could be delayed as we retrieve data from LayerZero’s API. You can also view the transactions on LayerZero Scan.

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