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 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.
Note: If you minted DIEM at multiple different mint rates (e.g., some at 325.70 sVVV/DIEM and some at 665.02 sVVV/DIEM), your burn rate will be calculated as a weighted average of all your historical mint rates. The system tracks each minting event separately and computes the average rate across your total DIEM holdings when you burn.
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 increase as DIEM supply grows—meaning you need more VVV to mint each DIEM as the supply increases. Check current rate before minting.
When Minting Makes Sense
- Yield Seekers: Lock VVV to mint DIEM and earn ~14.4% APR (80% of base staking rewards) while maintaining instant $1/day API utility access. Best if you plan to use the compute credits rather than sell the DIEM.
- 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.
Educational content only. Not financial advice. Not affiliated with Venice AI.