Token Lifecycle

The slisBNBx lifecycle is strictly controlled by SlisBNBxMinter. Users and external contracts cannot mint directly.

Step	Action	Result
1. Deposit	User deposits slisBNB or slisBNB/BNB LP into Moolah through the related provider/collateral contract.	Collateral is recorded and provider calls SlisBNBxMinter.
2. Mint	Minter calculates slisBNBx using BNB-equivalent collateral value and calls slisBNBx.mint().	slisBNBx is credited to user or delegated address.
3. Hold	User holds slisBNBx (non-transferable).	Holder qualifies for Launchpool participation.
4. Withdraw	User withdraws collateral from Moolah, fully or partially.	SlisBNBxMinter is called for proportional burn.
5. Burn	Minter burns slisBNBx corresponding to collateral removed.	slisBNBx supply is reduced and stays collateral-backed.

Notes

• Minting and burning always follow collateral state.

• Partial withdrawals burn only the proportional amount.

• This lifecycle applies to Moolah integration, not legacy CDP.