Redeeming avAssets

Redeeming is the step to convert your base avAssets (e.g. avUSD) back into their underlying base assets (e.g. USDC).

Prerequisite: Have an avAsset Balance

To redeem, you need a balance of the avAsset you want to exit. If your funds are currently in an savAsset or avAssetX, complete Unstaking or Redeeming first.

Step-by-Step Guide

1. Open Portfolio or Products: Go to the Portfolio or Products section of the app.

2. Click Get and Select Action: Click Get next to your avAsset balance.

3. Select Path and Amount: Based on your connected chain, the interface shows either Redeem (protocol redemption path) or Sell (swap path, where liquidity is available).

You can switch with chain-aware action hints such as Redeem on Avalanche or Sell on Ethereum to either redeem directly on the native chain or sell through in-app swap liquidity.

1. Review Output and Route: Check expected output and fees. Click route details to view included stages.

2. Approve and Confirm: Approve the selected token amount, then confirm Redeem or Sell depending on the selected path.

3. Complete at Maturity (Redeem Path): If you selected Redeem, complete the request from Active Redemptions once it becomes redeemable.

Redeeming avUSD

Viewing Redemptions

After you have initiated a Redeem request for a token with a redemption period, you can monitor its progress in the Active Redemptions section on your Portfolio page.

Active redemptions for avUSD

Additional Information

• Variable Waiting Period (Redeem Path): While redemptions are often completed within a few hours, they can take up to 7 days depending on market liquidity and other conditions. You can monitor the status of your request in your Portfolio.

• Order Flexibility (Redeem Path): You can cancel or adjust your avAsset redemption request at any time before it is finalized. To adjust a pending redemption, submit a new request with the desired amount. This will automatically update and replace your existing order.

• Transparency: A redemption fee may apply for Redeem requests, and this will be clearly displayed in the interface before you proceed.