Redeem
BitUSD v2 allows you to redeem BitUSD directly for the underlying collateral at any time.
1 BitUSD is always redeemable for $1 worth of collateral.
When you redeem, the protocol burns your BitUSD and returns the equivalent value in collateral (e.g., ROSE, wstROSE).
This ensures the stability and peg of BitUSD.
🪙 Step 1 – Select Collateral to Redeem For
Choose the collateral type (e.g., ROSE).
Enter the amount of BitUSD you want to redeem.
Your available balance is shown (e.g., 500 BitUSD).
⚖️ Step 2 – Review Redemption Fee
A small redemption fee applies to every redemption.
The fee is dynamic and updates every 30 seconds.
Example: 1% redemption fee.
📊 Step 3 – Redemption Summary
The summary box shows exactly what you’ll receive:
Collateral Price: Current market price of the collateral.
Redemption Fee: Percentage applied to your redemption.
Redemption Fee Amount: The portion deducted as fees (in collateral).
Expected Collateral Received: Total collateral you’ll receive after fees.
Value of Collateral Received: USD value equivalent of your redemption.
Actual Redemption Amount: Final BitUSD converted after fee deductions.
Example:
You redeem 5.75 BitUSD.
After fees, you receive 12.77 ROSE worth $4.53.
Actual redemption = 5.043 BitUSD equivalent.
🚀 Step 4 – Redeem
Click Redeem to execute the transaction.
Confirm in your wallet.
Your BitUSD is burned, and collateral is sent to your wallet.
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