Pegged profiles are direct collateral wrappers. They mint only senior Dollar, create no Risk Shares, and charge independent collateral-denominated mint and redemption fees. Any fungible Statics Dollar can redeem against available proportional profile capacity.

#Mint and redemption fees

Minting pulls nominal collateral plus a configured fee; redemption burns Dollar and returns proportional collateral less its fee. Both fees are collateral-denominated and route entirely to the global non-swap fee ledger.

Example
mint:    pull nominalCollateral + mintFee
redeem:  burn Dollar, return nominalCollateral - redemptionFee

The active testnet profile is Mock USDG profile 2: 6 decimals, a 0.95–1.05 peg band, a 5-BPS mint fee, a 7-BPS redemption fee, and a 1,000,000 USDstx debt ceiling.

#Debt ceiling and profile capacity

Each pegged profile has a debt ceiling that bounds total issuance. Redemption draws against available proportional profile capacity, subject to global health and recovery gates. Any fungible USDstx — regardless of which profile minted it — may redeem against any pegged profile with available capacity.

#Atomic pegged mint and recombination

A Risk Share holder may exit an active volatile series without first sourcing Statics Dollar externally. quoteMintPeggedAndRecombine returns an executable quote when eligible == true and exitStatus == Available; it identifies both collateral tokens and returns the temporary Dollar amount, pegged principal and mint fee, total pegged input, volatile output, and recombination fee.

Before allowance-backed execution:

  1. approve StaticsDiamond for at least totalPeggedCollateralIn of the quoted pegged token;
  2. call setApprovalForAll(StaticsDiamond, true) on Risk Shares; and
  3. call mintPeggedAndRecombine with a fresh maximum pegged input, minimum volatile output, and receiver.

The gateway mints the exact Dollar amount directly to the Diamond, pulls the caller's matching Risk Shares, and burns both claims through ordinary Core recombination in the same transaction. The caller never receives the temporary Dollar. mintPeggedAndRecombineWithPermit replaces only the pegged-token approval if that collateral implements EIP-2612.

Note

The selected series must be Active. Recoverable and retired series are deliberately excluded — this typed route uses ordinary recombination only and never enters managed or expired-risk recovery.

#Pegged redemption quarantine

Pegged redemption has an additional global quarantine. Any unresolved downside series transition, unavailable health, or impaired profile blocks every pegged profile from becoming an alternate exit around unhealthy collateral. Resolving the old transition does not reopen pegged redemption immediately: a checkpoint starts its own 48-hour continuous-health delay, and any renewed failure resets it. peggedRedemptionStatus is the read surface and checkpointPeggedRedemption advances the latch.