# Mint/Redeem
### What Is Minting?
Crypto minting refers to the process of **creating new units** of a particular cryptocurrency. This method adds tokens into circulation, enabling them to be traded or used within its ecosystem.
On the Overnight.fi platform, **Tokens+** can be minted in exchange for stablecoins at a 1:1 ratio. This can be done through the **Mint** section on the homepage.
To mint **xUSD**, the Arbitrum blockchain must be chosen.
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The transferred USDC is sent to the `PortfolioManager`, where it is then deposited into the designated strategies.
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### **How to Mint Tokens+**
Follow these steps to mint Tokens+ on the Overnight platform:
{% stepper %}
{% step %}
**Navigate to the Mint/Redeem Tab:**
On the main page, locate and click the "Mint/Redeem" tab.
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{% step %}
**Select Tokens for Minting:**
From the list of tokens in your wallet, select the ones you want to use for minting Token+. For example, to mint **USDC+**, you'll need **USDC**; for **ETH+**, you'll need **ETH**, and so on.
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**View Transaction Details:**
In the window below, review the key details such as the **exchange rate**, **Overnight fee**, and the **number of tokens** you will receive after the transaction.
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**Approve and Mint:**\
If prompted, approve the transaction in your wallet, then click the **Mint** button to complete the process.
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{% endstepper %}
Once the transaction is confirmed, your new Tokens+ will appear in your wallet.
### Redeeming
The reverse process, called **Redeeming**, allows users to exchange Tokens+ back into stablecoins or ETH, and xUSD back into stablecoins. This can be done in the **Redeem** tab, effectively withdrawing funds from the strategies.
{% hint style="info" %}
If necessary, the `PortfolioManager` will initiate the withdrawal process from strategies to gather the required amount of USDC for the return. If the collateral falls below the critical threshold, clients can receive a proportional share of assets from the Vault.
{% endhint %}
{% endstep %}
{% step %}
**Select Tokens for Minting:**
From the list of tokens in your wallet, select the ones you want to use for minting Token+. For example, to mint **USDC+**, you'll need **USDC**; for **ETH+**, you'll need **ETH**, and so on.
{% endstep %}
{% step %}
**View Transaction Details:**
In the window below, review the key details such as the **exchange rate**, **Overnight fee**, and the **number of tokens** you will receive after the transaction.
{% endstep %}
{% step %}
**Approve and Mint:**\
If prompted, approve the transaction in your wallet, then click the **Mint** button to complete the process.
{% endstep %}
{% endstepper %}
Once the transaction is confirmed, your new Tokens+ will appear in your wallet.
### Redeeming
The reverse process, called **Redeeming**, allows users to exchange Tokens+ back into stablecoins or ETH, and xUSD back into stablecoins. This can be done in the **Redeem** tab, effectively withdrawing funds from the strategies.
{% hint style="info" %}
If necessary, the `PortfolioManager` will initiate the withdrawal process from strategies to gather the required amount of USDC for the return. If the collateral falls below the critical threshold, clients can receive a proportional share of assets from the Vault.
{% endhint %}