HEAT_PEG_USD = 1.58, with CPI-adjustment design path). It is not a freezable USD stablecoin issuer product, and it is not minted by locking XFG into a “CD.”
How HEAT is created (current)
- You hold XFG.
- You call
mintHeatV10()(wallet) — XFG is burned. - HEAT is minted using Hearth pool TWAP pricing (spot pool rate if TWAP unavailable).
convertXfgToHeat() (fixed 10M:1 Embers_Heat ratio) for real minting.