How to Mint DIEM | Venice AI Guide

Before You Start: The Math

At current rates, buying DIEM saves you 78% vs minting.

Current Mint Cost

~$2,500

Market Price

~$550

Calculate your exact savings →

Step 1: Connect Wallet

Prerequisite: Complete wallet connection from the VVV Staking Guide

Go to venice.ai/token
Connect your wallet (MetaMask, Coinbase Wallet, etc.)
Ensure you have staked VVV (sVVV) available

Step 2: View Your Holdings

Under "My Venice Holdings" you will see your VVV & DIEM balances displayed.

This shows your available sVVV that can be locked to mint DIEM.

Step 3: Open Mint/Burn Interface

Click the "Mint/Burn DIEM" button to open the minting interface.

You will see the current mint rate displayed (e.g., 665 sVVV per DIEM).

Step 4: Select Mint or Burn

Choose your action:

Mint: Lock sVVV to create new DIEM tokens
Burn: Destroy DIEM to unlock your sVVV

Step 5: Enter Amount & Confirm

If Minting (Locking VVV):

Enter amount of sVVV to lock
Interface shows DIEM to be minted based on current rate
Click "Mint"
Confirm transaction in your wallet

If Burning (Unlocking VVV):

Enter amount of DIEM to burn
Click "Unlock sVVV"
Confirm transaction in your wallet
Your sVVV unlocks immediately

ℹ️ How Unlocking Works: You receive back the exact amount of sVVV you originally locked. Burn the same quantity of DIEM tokens you originally minted, and the smart contract releases your specific sVVV principal. The amount is determined by your historical mint rate, not current rates.

What To Do With Your DIEM

Option A: Stake for API Access

Stake DIEM to earn $1/day of AI compute credits per token on Venice AI.

Option B: Trade

Sell DIEM at your preferred exchange. Warning: If you sell DIEM and want your VVV back later, you must buy DIEM at market price to burn it.

Option C: Hold

Hold as a fixed-cost hedge against rising AI compute prices.

Important Risks

⚠️ Re-Acquisition Risk: If you sell DIEM and the price rises, you may pay more to get your VVV back.

⚠️ Mint Rate Volatility: Rates change based on DIEM supply. Check current rate before minting.

When Minting Makes Sense

Governance Whales: Locking large VVV amounts for governance
Long-Term Holders: Plan to use DIEM for 3+ years
Market Makers: Arbitrage opportunities

Everyone else: Buy at your preferred exchange.