# Minting loreUSD

To mint loreUSD, go to the "LoreUSD" tab to open the position creation interface.

Select "**Open**" next to the collateral you would like to use.

In the New Position interface, enter the amount of collateral to deposit and the amount of LoreUSD to borrow. The minimum borrowing amount is 90 loreUSD.

When satisfied with deposit and borrow amounts, click "**Approve & Open**" to perform the necessary transactions. Wallet confirmation is required for each transaction. If a transaction fails, try again. Lore will pick up where you left off.

{% hint style="info" %}
Some interest-bearing collaterals may incur a management fee (refer to the Management Fee page)
{% endhint %}

After a position has been opened, it will be visible in the Lore Dashboard.

As an official Ironclad loreUSD user, it’s time to learn how to earn with loreUSD.


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