> For the complete documentation index, see [llms.txt](https://doc.monetrix.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.monetrix.xyz/guide/getting-started.md).

# Getting Started

Monetrix has two tokens and one thing to understand:

* **USDM**: minted 1:1 from USDC. Holding USDM alone does **not** earn yield.
* **sUSDM**: received when you stake USDM. Holding sUSDM **does** earn yield, because the sUSDM → USDM exchange rate grows over time.

## What you need

* A Web3 wallet connected to **Hyperliquid EVM (HyperEVM)**.
* Some **USDC** on HyperEVM.
* A small amount of **HYPE** for gas.

If you don't have USDC on HyperEVM yet, bridge from Ethereum or another supported chain first.

## The full flow

```
USDC ──► (Mint)   ──► USDM
                       │
                       ▼
                     (Stake)   ──► sUSDM    ← yield grows here
                       │
                       ▼
                     (Unstake + cooldown) ──► USDM
                       │
                       ▼
                     (Redeem + cooldown)  ──► USDC
```

Three important things:

* **Minting and redeeming both use a 1:1 rate** between USDC and USDM. You don't gain or lose value in the mint/redeem steps.
* **Staking is where yield accrues.** sUSDM's exchange rate to USDM increases over time.
* **Both unstaking and redeeming have cooldown periods** set by the protocol. You request → wait → claim.

## Quick steps

1. [**Mint USDM**](/guide/mint.md): deposit USDC, receive USDM 1:1 (2 transactions: approve + mint).
2. [**Stake USDM**](/guide/stake.md): approve USDM to sUSDM, stake to receive sUSDM (2 transactions). Yield starts accruing.
3. **Hold**: the sUSDM/USDM exchange rate grows as protocol earnings compound.
4. [**Unstake**](/guide/stake.md#unstake): request to unwind your sUSDM back to USDM. Cooldown starts. When it's ready, Claim.
5. [**Redeem USDM**](/guide/redeem.md): request to redeem USDM back to USDC. A second cooldown starts. When it's ready, Claim.

## Read next

* [Mint USDM](/guide/mint.md): step by step.
* [Stake USDM](/guide/stake.md): how yield actually works.
* [FAQ](/guide/faq.md): short answers to common questions.


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